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What else can I help you with?
Consumer-protection regulations are beneficial because they increase what?
Consumer confidence
Consumers protection regulations are beneficial because they increase what?
Consumer confidence
How can the pamphlets of the Department of Trade and Industry help you to be a wise consumer?
The pamphlets will increase the knowledge of the consumer of the regulations and laws of the trade industry. When there is increased knowledge then there is also wiser decision making.
What is one economic effect of environmental-protection laws?
Higher prices for consumers--APEX Natural resources necessary for production are safeguarded.
Why does globalization lead to environmental damage?
Environmental-protection regulations increase compliance costs and decrease economic competitiveness.
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
Will an increase in supply cause an increase in consumer suplus?
yes because increase in supply will cause decrease in price so the purchasing power of consumer will increase as a result of surplus
The purpose of advertising is to do what?
Increase consumer demand.Influence Consumer Behavior -apex
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
How can consumer expectations affect demand?
If consumer expected price increase for any reason in such good, he will buy it before the time he expects to apply for that increase and accordingly will increase demand and vice versa.
What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
