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How does expected future income and credit affect demand?
Expected future income influences demand by shaping consumers' confidence and purchasing power; when individuals anticipate higher future earnings, they are more likely to spend now, increasing demand for goods and services. Similarly, access to credit allows consumers to borrow against future income, enabling them to make larger purchases upfront, further boosting demand. Together, these factors can lead to increased consumer spending and economic growth. However, if consumers expect lower future income or have limited credit access, demand may decline as they become more cautious with their spending.
What happens to the quantity demanded for credit if the cost of borrowing increases or decreases?
As the cost of credit increases, the quantity demand decreases. in contrast, if the cost of borrowing drops, the quantity of credit demand rises.
What following goods will least likely suffer a decline in demand during a recession?
toothpaste
What three things could cause the demand curve to shift to the left?
When income of the consumer decline demand curve shift left to downward.Assumption:income .population.taste .habbit.whether.expected future price.
If consumers begin using credit cards for all of their purchases you would expect to see inc demand for money dec demand for money dec in quantity demanded of money?
decrease in the demand for money
What is the 4 demand states in marketing?
maturity, decline
In short run does a decline in aggregat demand create a recession?
Yes and no, depending on the situation. If an economy is doing very well, a decline in aggregate demand is a GOOD thing, as it helps keep inflation at bay. If an economy is doing sub-par or even average, a decline in demand can lead to a decline in business activity and consumer spending, which can lead to a recession.
What is the job demand for commercial fishermen?
According to the Occupational Outlook Handbook, commercial fisherman can expect to see a decline in the demand for fisherman. The expected decline is five percent over the next ten years.
Did demand for halters made from leather decline?
The demand for halters made from leather later declined with the advent of the industrial era
Did demand for saddles made from leather decline?
The demand for saddles made from leather later declined with the advent of the industrial era
Is the primary sector in decline?
yes because there is less demand for raw goods.
Line of Credit?
A line of credit offers flexible, on-demand access to funds.
What happens to the quantity demanded for credit if the cost of borrowing increases or decreases?
As the cost of credit increases, the quantity demand decreases. in contrast, if the cost of borrowing drops, the quantity of credit demand rises.
Did demand for feed bags made from leather decline?
The demand for feed bags made from leather later declined with the advent of the industrial era
The economist John Maynard Keynes argued that?
That unemployment came not from overproduction, but from a decline in demand.
What following goods will least likely suffer a decline in demand during a recession?
toothpaste
What is a pre-established amount that can be borrowed on demand?
Line of credit
