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When consumers have more disposable income and they are willing to pay higher prices for goods this drives up the prices in the market and causes a devaluation of the money supply. This is an example?
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∙ 9y ago
On what is fiscal policy centered
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∙ 7y ago
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∙ 9y agoinflation
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When consumers have more disposable income and they are willing to pay higher prices for goods this drives up the prices in the market and causes a devaluation of the money supply which refers to wh?
inflation
How much of a good consumers are willing to buy?
In order to know how much of a good consumers are willing to buy one needs more information such as the type of good.
Which do producers pay attention to in order to know what people want to buy and how much their willing to pay?
Consumers' purchases
Does the convenience affect the price consumers are willing to pay for a product?
yes
Which of the following is not an example of one of the four main advantages of prices in a free market economy?
Consumers are willing to pay a higher price for a good, so producers manufacture more of the good.
When consumers have more disposable income and they are willing to pay higher prices for goods this drives up the prices in the market and causes a devaluation of the money supply this is an example?
inflation
When consumers have more disposable income and they are willing to pay higher prices for goods this drives up the prices in the market and causes a devaluation of the money supply which refers to wh?
inflation
How much of a good consumers are willing to buy?
In order to know how much of a good consumers are willing to buy one needs more information such as the type of good.
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
What best explains how consumers purchase influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
Which do producers pay attention to in order to know what people want to buy and how much their willing to pay?
Consumers' purchases
What is demanded?
It is an amount consumers are willing and able to purchase at a given price.
Does the convenience affect the price consumers are willing to pay for a product?
yes
What statements best describes the results provided by market research?
Market research tells producers what consumers want and what they're willing to pay.Market research tells producers what consumers want and what they are willing to pay.
Which of the following is not an example of one of the four main advantages of prices in a free market economy?
Consumers are willing to pay a higher price for a good, so producers manufacture more of the good.
What is the amount of a good or service that consumers are willing to buy at a certain price?
supply
The amount of goods and services that consumers are willing to buy at various prices?
the cost
