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Which kind a good might not be bought when prices rise?

Luxury


How do price indexes measure inflation?

Prices indexes measure the rate of inflation from month to month by measuring by how much the price of a number of goods increase over time.This might help as well:What_does_the_consumer_price_index_measure


Which categories of goods used by ordinary people are most affected by scarcity Use examples from two of these categories and explain how the scarcity of these goods might arise and how this scarcity?

Scarcity often affects essential goods and services, particularly food and housing. For example, in the food category, a drought can reduce crop yields, leading to higher prices and limited availability of staple items like wheat and rice. Similarly, in the housing market, increased demand combined with limited land for development can drive up prices and create shortages of affordable housing. This scarcity can lead to increased competition among consumers, ultimately forcing lower-income families to spend a larger portion of their income on these necessities.


What might be the reason that so many electrical goods are quite cheep now?

The affordability of many electrical goods can be attributed to advancements in technology and manufacturing processes that have significantly reduced production costs. Globalization has also played a role, as companies can source materials and labor from countries with lower costs. Additionally, increased competition in the market drives prices down as manufacturers strive to attract consumers. Lastly, economies of scale allow large companies to produce goods in bulk, further lowering prices.


What might be the reason that so many electrical goods are quite cheap now?

The decline in prices of electrical goods can be attributed to advancements in manufacturing technology, which have increased efficiency and lowered production costs. Globalization has also played a significant role, as companies can source materials and labor from countries with lower costs. Additionally, intense competition in the market drives companies to reduce prices to attract consumers. Finally, economies of scale allow manufacturers to spread fixed costs over larger production volumes, contributing to lower prices for consumers.

Related Questions

Which kind a good might not be bought when prices rise?

Luxury


What is a goods market?

A goods market is a place where different types of products are bought and sold. A goods market might be organized by a town during a special event or on a certain day of the week.


What benefits might independent retailer gain by joining a wholesaler-sponsored voluntary chain?

Can buy goods at low prices,can buy goods straight from producers,can buy goods on credit and also can buy goods in bulk or large quantities.


Can you please list two real-world examples of where you might see a sphere?

A pool hall, a sporting goods store


Where might one purchase crucifix jewelry?

As society grows, anything can be bought anywhere. Crucifix jewelry can easily be bought on sites like eBay or such. Most of them would involve catholic beliefs or goods.


What role might the internet play in the regions economic development?

The internet allows for communication outside the immediate area. It can mean a region can fine new buyers for their goods or they can obtain goods from other areas at better prices.


Where is a place in stores that sells bows and arrows?

Walmart might have it in the camping or hunting section. But Dicks sporting goods has a good selection and maybe better prices.


What are Examples of inferior goods and why?

An example of an inferior good might be a dented can of food. This type of item is usually sold at a discount because it is not in perfect condition.


Should stocks be bought at high stock prices?

It depends. If you have reason to believe it will go higher, or the dividents are good, yes. If you are uncertain a more stable investment might be better.


Where can leather accessories be bought?

There are plenty of places in order for one to buy leather accessories. However, one might want to buy accessories with cheap prices on the website amazon.


Is should have bought a verb?

I have bought is the present perfect of the verb to buy.I might have bought. I could have bought.


What goods can Canada might be able to export to Brazil?

Some goods might be oil, gas and uranium.