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When consumers get more money they tend to substitute what kind of goods for normal goods?
Wiki User
∙ 10y ago
Consumers with more money are more likely to purchase luxury goods.
Wiki User
∙ 10y ago
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When consumers get more money they tend to substitute normal goods for goods?
inferior
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
When consumers get more money they tend to substitute normal goods for what kind of goods?
Superior goods are those which experience increased consumption as incomes increase.
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
Which idea favored public works projects because they put money into the hands of consumers who would buy more goods and stimulate the economy?
Social security was the favored public works projects that put money into the hands of consumers who would buy more goods and stimulate the economy.
When consumers get more money they tend to substitute normal goods for goods?
inferior
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
When consumers get more money they tend to substitute normal goods for what kind of goods?
Superior goods are those which experience increased consumption as incomes increase.
What is the role of the consumer in capitalism?
Consumers spend money and buy goods from producers
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
How much money do consumers earn?
The definition of a consumer is a person who uses goods and services. From this definition, consumers don't earn any money. They pay money to buy these goods and services. In the real world, everyone is a consumer, so you could argue that a consumer can earn anywhere between no money and an infinite amount.
Why is consumers important?
*to get maximum satisfaction for the money he pays *to get legal cover *to protect from unhealthy goods
What do entrepreneurs earn?
Entrepreneurs earn money by selling goods and services to businesses and consumers. The fewer costs they have the more money they make.
How does supporting fair trade consumers?
They pay more for goods but enable workers to earn more money
What did the FTC do to save consumers money in the ophthalmic goods industry?
the FTC lifted the restrictions on advertising with the hope of saving consumers as much as $400 million annually.
Why did chain stores sell goods at lower prices?
Chain stores are able to purchase goods in large volumes for reduced prices from manufacturers, and can then sell the goods to consumers for less money.
Which idea favored public works projects because they put money into the hands of consumers who would buy more goods and stimulate the economy?
Social security was the favored public works projects that put money into the hands of consumers who would buy more goods and stimulate the economy.
