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When the price of a good is to high for consumers they look for?
alternatives
How do substitutes affect demand?
When the price of a product rises, the individual will look at alternatives ( substitutes ) that are cheaper but give him same satisfaction.
Why is the price system so important to a free market economy?
The price system is so important to the free market economy because the price system allows a company to compete within the market by setting a price that is fair for consumers and the provider. A fixed price system causes the market to fail if prices of supplies rise.
How does the price system respond to surpluses and shortages?
How does the price system respond to surpluses and shortages? In: Economics [Edit categories]
What is the definition of price legislation?
price legislation is a system in which laws are being made in the price of things
When the price of a good is to high for consumers they look for?
alternatives
What are the alternatives to playskool toys?
There are several alternatives to Playskool toys. These alternatives include Lego, Mega Bloks (the brand), Fisher Price, and Leapfrog. Other brands of toys include Barbie, Play-Doh, and Mattel.
What is alternative drug?
this is my idea to alternatives drugs, same affect but cheaper price and safe to do
What three things should a consumer consider when making a purchase?
quantity, alternatives and price.
What are alternatives for Nintendo Entertainment System?
There is not a alternative for the epic-ness that is the NES. :)
What did farmers believe raised the price of crops?
Because of how healthy the crops were compared to other unhealthy alternatives
Which of the following statement is represent of the second law of thermodynamics?
The question seems to ask for a selection between alternatives - but the alternatives are not presented.
How do substitutes affect demand?
When the price of a product rises, the individual will look at alternatives ( substitutes ) that are cheaper but give him same satisfaction.
What are some better alternatives to Century 21 auto insurance?
Some of the better alternatives to Century 21 auto insurance would be best looked around at price comparison sites to get the better rate and deal to suit your needs.
How do rice and alternatives help the body?
Rice and alternatives contain carbohydrates. Our body breaks down these carbs by sending them through the digestive system. Once the carbs get to the small intestines, they are passed on to the bloodstream.
What is a good brand of hand held GPS?
Universally, Garmin is viewed to be the best in GPS systems. However, with a price tag ranging between $100 and $600, there are other alternatives that provide good service at a lower price. Tom-Tom has a system that provides the text-to-speech like Garmin, with a price tag of approximately $120, but offers other products such as the original Homer Simpson voice.
When analyzing alternatives what becomes evident?
list of alternatives
