Why do consumers sometimes take a while to respond to price changes?
a. price changes do not affect consumers.
b. consumers cannot find acceptable substitutes immediately.
c. consumers need time to decide whether the good is a luxury or a necessity.
d. demand sometimes becomes less elastic over time?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why do consumers sometimes take a while to respond to price changes? a. price changes do not affect consumers. b. consumers cannot find ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Under management by exception, which differences between planned and actual results should be investigated?
Answers (1)
The inventory turnover ratio: a. is used to analyze profitability. b. is used to measure solvency. c. reveals how many times a company sells its merchandise inventory during a period. d.
Answers (1)
Public saving is negative when:A. there is a government budget surplus. B. there is a government budget deficit. C. the government's budget is balanced. D. after-tax income of households and businesses is greater than consumption expenditures.
Answers (1)
Suppose every Buick owner's demand for gasoline is 20 - 5 p for p less than or equal to 4 and 0 for p > 4. Every Dodge owner's demand is 15 - 3 p for p less than or equal to 5 and 0 for p > 5.
Answers (1)
In the 20 years from 1992 to 2012, the percentage of people arrested for burglary who were women
Answers (1)
New Questions in Business
Assume that we use a perpetual inventory system and that five identical units are purchased separately at the following four dates and costs: April 5 at $10, April 10 at $12, April 15 at $14, and April 20 at $16 April 20 $17.
Answers (1)
In Section 7, the word warranty is best defined as A) a contract between USATestPrep and its Customers. B) a guarantee of any part of the site and its contents. C) a pledge of Customer service if anything goes wrong with the site.
Answers (2)
A (n) is the issuer's written promise to pay an amount equaling the par value. The par value is paid at a specified future date. Most often, the issuer is required to make semiannual interest payments.
Answers (1)
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
Jake Skinner purchases a big screen TV on credit and will repay the loan with one payment at the end of 90 days. What type of credit did Jake use?
Answers (1)