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What is a blanket purchase agreement?
It is an contract between one or more buyers and one ro more supplier to estimate the amount of items to be delived at the rigt the price and at the the right place agreed
Why did schecter discontinue the 006 elite guitar?
not enough people were buying them. the demand was less than the supply. In order to not loose money they needed to reinvent it or drop it. Schecter chose to drop it. Its simple supply and demand equation for all businesses. More Supply + Less Demand= deflation of prices (in the end less money for company) More Demand + Less Supply= inflation of prices (in the end more money for company)
How does discount affect purchasing power of customers?
Discounts allow many consumers to purchase goods or services they could not have afforded at full price. That's why Groupons have become so popular. Discounts also allow people to purchase more than they could without the discount.
Where can one purchase a Conn trumpet?
One can purchase a Conn trumpet from Conn-Selmer, eBay, Amazon, Trumpet Trader, Musicians Buy, Musicians Friend, Alan Gregory, Intrumental Savings and many more.
Where can one purchase Pink Floyd posters?
You can purchase a Pink Floyd poster from All Posters, Amazon, and you can find some Pink Floyd posters and more Pink Floyd memorabilia from thousands of sellers on eBay.
How does demand relate to buyers of a good?
Demand refers to the quantity of a good that buyers are willing and able to purchase at various price levels over a certain period. It reflects consumers' preferences, income levels, and the price of related goods. As demand increases, buyers are willing to purchase more of the good, often leading to higher prices, while a decrease in demand can lead to lower prices and reduced sales. Essentially, demand captures the relationship between buyers' purchasing behavior and the price of the good.
Explain the determinants as well as exceptions to law of demand?
The five ceteris paribus demand determinants are buyers' income, buyers' preferences, other prices, buyers' expectations, and number of buyers.Buyers' Income: The amount of income that buyers have available to spend on a good affects the ability to purchase a good. In general, income has a direct affect on the ability to buy a good, that is, more income means more buying. However, income can actually affect demand in two ways. For normal goods, more income means more demand. For inferior goods, however, more income means less demand.Buyers' Preferences: The satisfaction buyers obtain from a good, based on buyers' preferences, wants, needs, likes, and dislikes, affects the willingness to purchase a good. If a good provides greater satisfaction, then buyers are inclined to purchase more.Other Prices: The demand for one good is based on the prices paid for other goods purchased by buyers. A change in the price of a substitute good (or substitute-in-consumption) induces buyers to alter the mix of goods purchased. An increase in the price of a substitute motivates buyers to buy more of one good and less of the substitute good. A change in the price of a complement good (or complement-in-consumption) induces buyers to demand more or less of both goods. An increase in the price of a complement motivates buyers to buy less of one good as they buy less of the complement good.Buyers' Expectations: The decision to purchase a good today depends on expectations of future prices. Buyers seek to purchase the good at the lowest possible price. If buyers expect the price to decline in the future, they are inclined to buy less now. If they expect the price to rise in the future, they are inclined to buy more now.Number of Buyers: The number of buyers willing and able to buy a good affects the overall demand. With more buyers, there is more demand. With fewer buyers, there is less demand.
If a demand curve shifts rightward this means?
Quantity buyers are willing and able to purchase more of the good every price.
Along a linear demand curve as the price rises demand becomes more?
elastic
What happens when demand rises by more than supply rises?
Then more people will be employed and the unemployment rates will go down
What happens to pulse rate when activities demand more body movements?
It rises.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
When a purchase requires a large portion of income demand for the product?
When a purchase requires a large portion of income, demand for the product tends to be more elastic, meaning consumers are more sensitive to changes in price. As the cost increases, buyers may seek alternatives or forgo the purchase altogether. Additionally, such products often fall into the category of luxury or non-essential goods, where consumers weigh their options carefully. Consequently, marketing strategies for these products often emphasize value and necessity to encourage purchases.
Why might an increase in income result in a decrease in demand?
The Giffen's paradox explains this theory very well .When a person's income rises his purchasing power obviously rises.This leads him to substitute his earlier consumption commodities (inferior goods in the theory) to something more superior. In this case when the income rises the demand for inferior goods falls. But this also proves that when income rises the demand for superior goods also rises
Which determinant of demand changes in the personal computer market as more individuals become interested in surfing the Internet?
Number of buyers
What made the supply of agriculture rise faster then the demand?
Oil crops is what makes supply of agriculture rise fast. This rises more faster than the demand.
Why is it that more is demanded at lower prices?
More is demanded at lower prices due to the law of demand, which states that as the price of a good or service decreases, consumers are more willing and able to purchase it. Lower prices increase the purchasing power of consumers, making it easier for them to buy more. Additionally, lower prices can attract new buyers who may not have considered the product at higher prices, further increasing overall demand.
