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What is a consumer price index a monthly set of figures indicating the pace of increase or decrease in the costs of goods and services?
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How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
When the price of a capital good increase what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
Is a technique advertisers employ to increase consumer demand for their goods and services?
turning luxuries into necessities
What will shift the consumption level upward?
Factors such as an increase in disposable income, a decrease in the price of goods and services, changes in consumer preferences towards a particular product, or an increase in consumer confidence can shift the consumption level upward.
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
Which services are mostly afected when the number of people increase or decrease in an area?
sanitation
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
When the price of a capital good increase what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
Is a technique advertisers employ to increase consumer demand for their goods and services?
turning luxuries into necessities
When the price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
When the price of a capital good increases what happens to the price of related consumer goods and services?
Prices increase due to the increase in production costs.
When the price of capital good increases what happens to the prices of the related consumer goods and services and why?
Prices increase due to the increase in production costs.
When a price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
What is the effect on income when service is rendered on credit?
Income from services rendered account will decrease and debtors account will increase
