answersLogoWhite

0

If prices are high, people tend to spend less. If prices are low, people tend to spend more.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Economics

What are the definition of economic influence?

Economic influence is the effect that an event, policy, or market trend will have on economic factors. These economic factors include interest rates, consumer confidence, and the stock market. For example, a bank that declares bankruptcy will affect consumer confidence and stock prices related to that bank.


What prices are paid for the use of economic resources?

Prices paid for the use of economic resources are typically referred to as "factor prices." These prices include wages for labor, rent for land, interest for capital, and profits for entrepreneurship. They reflect the value of resources in the production process and are determined by supply and demand dynamics in the market. Ultimately, these prices influence how resources are allocated in the economy and impact overall production and consumption.


What is an economic condition characterized by rising prices?

Inflation is an economic condition characterized by rising prices.


What economic factors that influence the personal financial planning?

Consumer Prices; Consumer Spending; Interest Rates; Unemployment; DOW JONES Average index changes, etc


What is the economic term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?

Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.

Related Questions

What are the definition of economic influence?

Economic influence is the effect that an event, policy, or market trend will have on economic factors. These economic factors include interest rates, consumer confidence, and the stock market. For example, a bank that declares bankruptcy will affect consumer confidence and stock prices related to that bank.


What prices are paid for the use of economic resources?

Prices paid for the use of economic resources are typically referred to as "factor prices." These prices include wages for labor, rent for land, interest for capital, and profits for entrepreneurship. They reflect the value of resources in the production process and are determined by supply and demand dynamics in the market. Ultimately, these prices influence how resources are allocated in the economy and impact overall production and consumption.


What is an economic condition characterized by rising prices?

Inflation is an economic condition characterized by rising prices.


What is economic condition characterized by rising prices?

Inflation is an economic condition characterized by rising prices.


Is an economic condition characterized by rising prices?

Inflation is an economic condition characterized by rising prices.


What is influenced by the manipulation of reserve-level rates?

Thus, the Fed can influence such factors as economic activities, the money supply, interest rates, credit availability, and prices.


Economic and non economic want?

An economic want is like America wants gas prices to be lower, a non economic want would be wanting milk prices to be lower.


What economic factors that influence the personal financial planning?

Consumer Prices; Consumer Spending; Interest Rates; Unemployment; DOW JONES Average index changes, etc


Are mindless behavoir brothers?

no they are not


What is the economic term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?

Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.


Information has the quality of relevance when it influence the economic decisions?

Information has the quality of relevance when it influence the economic decisions?


When was mindless behavoir born?

9001