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What indicates that a lower price increases the purchasing power of a buyers money income enabling the buyer to purchase more of the product than before?
Wiki User
∙ 8y ago
Income effect.
Wiki User
∙ 8y ago
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What does the income effect indicates?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
What is income effect?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
How can costs be reduced in purchasing and supply?
Cost can be reduced in purchasing and supply by purchasing in bulk. When businesses purchase in bulk they are able to get discounts from suppliers.
What is role of purchasing department in an organization?
To purchase the materials the organization needs to opperate
When government increases its purchase of goods it is using which power?
Fiscal Policy.
What does the income effect indicates?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
Income effect indicates that a lower price increases the purchasing power of a buyers money income enabling the buyer to purchase more of the product than before. True or False?
True
What is income effect?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
What is a verb for purchase?
purchasing
What can you purchase with a government purchase card?
Purchasing support services Ordering tools from a catalog over the telephone Purchasing supplies for the office
What are you purchasing when you purchase a stock?
Part of the company.
How can costs be reduced in purchasing and supply?
Cost can be reduced in purchasing and supply by purchasing in bulk. When businesses purchase in bulk they are able to get discounts from suppliers.
Where can I find information on how to purchase a domain name?
You can go to godaddy.com and get information on purchasing a domain name. I highly recommend you purchase from them as they offer the best rates on domain purchasing.
What is a spousal waiver for when purchasing a home?
Buying a house together indicates that the house would be marital property. A waiver signed before purchase means that either spouse is relinquishes any claim to the property, should the marriage end.
What is the difference between bulk purchasing and hire purchasing?
A bulk purchase is when you by allot of something to get it cheaper. Hire purchasing is when you take out a loan to purchase something. You pay off a certain amount each week until the item becomes yours.
A purchase order is sent from a company's?
purchasing department to the supplier
What is the abbreviation for purchase?
The abbreviation for purchasing is purch.
