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outline main determinants of demand for consumer goods?
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∙ 14y ago
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What Match the role with what each player in that role does.?
Producer provides goods , worker makes goods consumer uses goods
A person who buys goods and services?
My answer is a consumer
How can the demand for one good be affected by the increased demand for another one?
Example 1: There are two main ways this can happen. It depends on whether the two goods are complimentary goods or substitute goods.For example, Hot Dogs and Ketchup are complimentary goods (because they go together) so when the demand for hot dogs goes up, so does the demand for ketchupExample 2. Cars and trucks are substitute goods because, even though they are in the same market, people tend to only buy one or the other. So if the demand for trucks went up, this would mean the demand for cars is going down.If you don't like this I can give the answer to this Multiple Choice Questions like it has on the Shifts of the Demand Curve Worksheet.1. When the goods are bought together, increased demand for one will decrease for the other2. If the goods are used together, increased demand for one will increase demand for the other (This is the correct answer)3. If the goods are substitutes for each other, increased demand for one will increase the demand for the other.4. A drop in price for the good will increase demand for the good and it's substitute.
How are producers and consumers interdependent?
producers produce goods used by consumer and consumer pays money to producer.simple logic....
Demand definition in the stock market?
Demand in the stock marketis the same as demand everywhere else, except that the traded goods are stocks.So if lots of people want to buy stocks in Google, demand for that stock is high. Stocks are perhaps slightly different from other goods in that they cannot be used for anything, the only reason to buy a stock is that you think you can sell it for even more later. But the principles of supply and demand are the same as for other goods and services.
As a result of Joseph Stalin's polices the Soviet Union?
Answer this question… did not produce goods based on consumer demand.
How does consumer income affect the demand for normal goods?
A good that decreases in demand when consumer income rises; having a negative Income increases will thus affect the consumption of these goods.
What type of goods vary little in consumer demand?
Necessities
What factors influence the price of a commodity?
Demand depends on a lot of factors. The price, income of consumer, price of other goods, the price of the complimentary goods, the seasonal factor (in certain cases), advertising, trends and fashion, tastes, population and much more.
What is the consumer's ability and desire to buy goods and services called?
demand
When you purchase goods or services what does it create?
When a consumer is able and willing to buy a good or service he or she creates a demand.
What happened to the price of consumer goods when demand grew after the war?
Decreased Rapidly
Explain what determine the optimum level of consumption for a consumer?
what determines the optimum consumption of an consumer is their income and their demand for goods and services.
How does consumer expectation affect demand for certain goods?
Expectations of future events affect the current demand for a good or service.
How did population explosion contribute to demand for consumer goods in Britain?
Ask Mrs. Longo
How is demand mannaged?
Demand depends on the following reasons :- 1)Price of the commodity. 2)Income of the consumer. 3)Prices of the related goods. 4)Tastes and preferences of the consumer.
What the cause of demand pull inflation?
Consumers want more and more goods and services. Stronger consumer demand for goods with a limited or fixed supply. A price level increase due to an increase in aggregate demand.
