0
Still curious? Ask our experts.
Chat with our AI personalities
BlakeAs your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
JordanLooking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
JudySimplicity is my specialty.
Chat with JudyAdd your answer:
Earn +20 ptsQ: Why would some US consumers decide to purchase these good if cheaper goods were availble?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
Why would some U.S. consumers decide to purchase these goods if cheaper goods were available?
The perceived value of the good is greater than the extra cost.
Aggregate supply reflects billions of production decisions made by?
consumers when they decide which products to purchase
Which type of economic system are consumers most likely to determine what goods will be produced?
The retail system. Thats where the consumers decide what they are going to purchase.
How can consumers be wrong but still be using the principle of benefit when they decide to buy something?
Consumers are still being rational (sensible) when they purchase something that results in no benefit if they believed that it would give them benefit when they purchased it.
Consumers decide how many goods will be supplied?
False
Trending Questions
During the Medieval period which of the following centers of trade was part of the Hanseatic League?
What is the capitalist system?
Quantity and quality of of human effort directed towards producing goods and services?
What is the procedure of Preparation of payroll and wage calculation?
What is the current price of 300gms of gold?
What is the value of a 1976 US 2 dollar Federal Reserve Note?
How do penny auctions generate revenue and make money?
What is the average cost of a rototiller?
What are 3 factors that can contribute to increased output of goods and services in a country?
Is any US currency printed in a different country?
What statement about productivity in the service sector of the U.S. economy is most accurate?
Is economic life distinctly separate from social and political life in the US?
What happened to the South's economy during the Civil War?
What happen when a product increased acoording to Adam smith?
What is the value of currency 1ct in Indian rupees?
Bank of the Philippine Islands organizational structure?
What are the Advantages of money economy over barter trade?
What was the first global crisis?
How did inflation affect the postwar economy?
Is profit making the primary goal of any business enterprise and why?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.