0
Why nearly every purchase you make provides you with consumer surplus?
Wiki User
∙ 10y ago
Because most consumers who trade in a market have a willingness to pay greater than the price, this means that most trades in a market provide consumer surplus.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How money has evolved?
Money has evolved from a way to purchase goods to the driving force behind countries. Nearly every country has its own type of money.
WHAT currency is made by IMF?
The IMF doesn't issue currency and is not a bank. It's a supra-national organization of nearly 200 countries that provides a venue for international action on monetary policy and trade.
What do you mean by inflation?
The overall general upward price movement of goods and services in an economy (often caused by a increase in the supply of money), usually as measured by the Consumer Price Index and the Producer Price Index. Over time, as the cost of goods and services increase, the value of a dollar is going to fall because a person won't be able to purchase as much with that dollar as he/she previously could. While the annual rate of inflation has fluctuated greatly over the last half century, ranging from nearly zero inflation to 23% inflation, the Fed actively tries to maintain a specific rate of inflation, which is usually 2-3% but can vary depending on circumstances.
Which times of the year should products be offered at full price and which should be offered discounted?
It is helpful to look at the seasonal trends (if there are any) of the particular product. If a product is in strong demand in the summer or warmer months, the seller can offer the product at full price, as there will be a buyer who will more then likely purchase the product due to their need and strong demand for it. Therefore, during the colder or winter months, the seller may decide to reduce the price and offer the product at a discount due to a decrease in demand. Hopefully the lower price will entice a consumer into buying the product regardless of their need or want for it. For example, if a business sold umbrellas, it could be beneficial to offer the umbrellas at full retail price during the winter months, because that is a time when consumers may have no choice but to purchase the umbrella. Conversely, during the summer months, the business could offer the umbrella at a discounted price to encourage consumers to purchase it, even if they do not need the umbrella at that point in time. The same principles can be used with nearly all products, including clothes (winter/warmer or summer/cooler clothes), foods and household items.
Which of these is not a good approach to highlighting?
Marking nearly everything on the page
Where can one find a golf package?
Golf packages are available in nearly every state, and the website golfzoo provides detailed packages for nearly every budget. Many golf courses and clubs offer their own golfing packages as well direct to the consumer.
How do people make a living in Indonesia?
Agriculture provides work for nearly half of the people of Indonesia.
Did The Louisiana Purchase tripled the size of the US?
The Louisiana purchase nearly tripled the size of the us
How much silver is kept in the U.S. Defense Department's National Stockpile?
The U.S. Defense Department's National Stockpile inventory of surplus silver was reduced from nearly 4,300 tons in 1982 to nearly 1,100 tons in 1998.
What purchase in 1803 nearly doubled the land owned by the US?
The United States was small in land when it was first formed. However, that all changed in 1803 when the Louisiana Purchase nearly doubled the country in size.
What provides light and heat?
Nearly anything that produces light will also produce heat.
Getting out of a new car purchase?
Once you have signed the paperwork and driven it off the dealer lot it is nearly impossibly to get out of the purchase.
Definition of Trade Show and consumer show?
A Trade show can be business to business selling or business to consumer selling. Typically business to business. Consumer show is business to consumer selling/marketing I have been to a lot of shows and wouldn't be nearly successful if I hadn't done a ton of research first.
How is nuclear power an asset to the nation?
It provides nearly 20 percent of your electricity. Isn't that an asset?
In what year did the us territory nearly double in size following purchase from France?
1803
What was result of The Louisiana Purchase?
The size of the United States nearly doubled
What is the abiotic factor that provides energy for nearly all life on earth is?
Ultimately, sunshine is the energy source for most life.
