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The price consumers are willing to pay for a product minus the price they actually pay is called?
Wiki User
∙ 10y ago
Consumer surplus
Wiki User
∙ 10y ago
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What is the amount of Good or service that a that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
What is the amount of a good or service that a consumer is willing to buy called?
The term for that definition is effective demand
People who buy goods and services are called?
Consumers
Economic rivalry among sellers for the consumers' dollars is called?
competition
According to the law of demand consumers will stop buying a fixed quantity of a product when?
The law of demand? I'm not quite sure if it's called that. Consumers will stop buying a product as and when they see that the price is set too high. It changes consumer to consumer - if the price of bread rises from £0.50 to £1, extremely poor people might stop buying it because they can't afford it, because the price is too high. Similarly, some consumers will never stop buying things because they are rich enough to afford the goods. Take a look at price elasticity of demand if you want to know more about when consumers stop buying products because of its price - the change of demand according to a change in price.
Is determined by how many consumers want to buy a product is called what?
Consumer demand
What is the amount of a good of a service that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
What is the amount of Good or service that a that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
What is it called when one actually buys a product instead of just desiring a product?
secondary
What are humans trophic level?
Actually,trophic level is feeding position of animals in food chain or food web in ecosystem. [ANIMALS WHICH CONSUME ENERGY CALLED AS CONSUMERS]They are classified as primary consumers [plant eaters are called herbivores] secondary consumers [flesh eaters are called carnivores] tertiary consumers [Eaters of both plants and flesh are called omnivores] RABBIT IS PRIMARY.SPIDER IS SECONDARY AND HUMANS ARE TERTIARY CONSUMERS
When a consumer want to buy more of a product than producers are willing to make the resulting situation is called a?
shortage
The act of representing ones product so it will occupy a distinct place in the consumers mind is known as?
In advertising this is called positioning
Consumers that hunt and kill other consumers are called?
Consumers that hunt and kill other consumers are called carnivores.
First level consumers are called?
first level consumers are called primary consumers or herbivores
Why are consumers called the secondary consumers?
why
What is the first level of a product?
The first level is often called the core product, what the consumer actually buys in terms of benefits
Is there actually a company called Go To Webinar?
"No, there is not actually a company called Go To Webinar. The name of the company is Citrix, and the name of the product they offer for holding webinars is called GoToMeeting."
