Ask Question
BusinessBusiness
16 October, 23:26

Describe how price affects decisions that consumers make

+4
Answers (1)
  1. 17 October, 01:05
    0
    The tendency is easily explained. As price goes up, the quantity that consumers demand goes down. This is a common correlation between the price of goods and the willingness of the customers to buy products. All businesses today have to build demand in order to know how much do the customers want in order for them to increase their purchase ability.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Describe how price affects decisions that consumers make ...” 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
A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2017, for 100,000 won each. It pays for both items on June 1, 2017, and they are still on hand at year-end.
Answers (1)
Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.
Answers (1)
Which of the following was the fourth leading cause of deaths in the construction industry in 2005? A. Being struck by something B. Electrocution C. Falls D. Getting caught or between two objects
Answers (1)
Assuming a required reserve ratio of 10% and the Fed purchased $1 million worth of mortgage-backed securities, make use of the simple deposit multiplier to determine by how much checking deposits would change. A. decrease by $1 million B.
Answers (1)
Using the following balance sheet and income statement data, what percent of assets was financed by the creditors?
Answers (1)
New Questions in Business
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $118,500 and $125,600, respectively. During the year, actual overhead was $108,000 and actual direct labor cost was $115,800.
Answers (1)
Individuals who pay less of their own health care costs may have an incentive to use health care resources more frequently and to engage in riskier behaviors. The problem is known as: A. asymmetric information. B. adverse selection. C. moral hazard.
Answers (1)
The answer to the question "what really makes the difference between success and failure on a particular job, and according to whom?" determines:
Answers (1)
What type of promotion requires consumers to rely on some measure of random chance? A. Sweepstakes B. Coupons C. Rebates D. Premiums
Answers (1)
A property will provide $10,000 at the end of each year forever. if its value is $125,000, what must be the discount rate?
Answers (2)
Home » Business » Describe how price affects decisions that consumers make
Sign Up Forgot Password?