Which of the following would be an example of a complimentary good in relation to a Honda Accord Car?   A) gasoline  B) toothpaste  C) a Toyota Prius car D) public transportation

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A: Companies that assist with the installation process (such as computer software), maintain products…

Q: The cost of a gizmo has gone up. Which of the following would indicate that there would be a good…

A: The length of time has a big impact on how elastic the demand is. Long-term customers have the…

Q: If the price elasticity of demand for a product is equal to 0.4, then a decrease in price of 8…

A:

Q: ow has the supply and demand for a specific product affected your or your family’s purchasing…

A: The market is place of an interaction between the byers and sellers which strike between one another…

Q: What factors commonly influence a person’s daily buying choices? Select one of these and explain how…

A: These are the factors which influence a person’s daily buying choices: The income of the consumer:…

Q: Can a company like Priceline.com sell low-priced items such as groceries and telephone calls?

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Which of the following would NOT change demand? *         a)information about the product's health…

A: Demand is the willingness of consumers for consuming goods and services at given prices. Under…

Q: The amount of a good that buyers are willing and able to purchase at a given price.

A: Consumer theory is the theory that deals with determination of a point at which a consumer maximizes…

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A: Necessity commodities are those products and services that customers can purchase regardless of…

Q: price that will result in 15 percent rise in its demand.

A: # the ratio of the percentage change in the quantity demanded by the percentage change in price…

Q: What are the consequences if consumer acts in the market according to Myopia and ignore its…

A: Consumer myopia is a term used in economics to describe a tendency for people to place more…

Q: Evaluate the behavior of consumers in terms of the demand for products

A: The economy consists of the various economic agents which would result in the producers, consumers…

Q: Calculate the Marginal Utility then the MU/P to find Consumer Optimum. How many drink(s) and Big…

A: PLease check the step 2 for solution

Q: Your Best Brand Bike Shorts - BBB Shorts have been flying off the shelf. Your chief economist tells…

A: Before campaign: Price elasticity of demand is -5.76 i.e. E1 =-5.76 The price was $240 i.e., P1 =…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: What product do you use that you would use regardless of the price? Why? Is this related to price…

A: ***Since, according to guidelines external links cannot be used while answering, so, the expert has…

Q: a full explanation about perceived enjoyment

A: Enjoyment is basically the pleasure that people get from the various activities they perform in…

Q: What is the right amount of variety? Can there be too many varieties of shoes?

A: The monopolistic competitive markets sell differentiated good and this concept of the differentiated…

Q: Pepsi and coke are Substitute or compliment good?

A: The goods which can be used in place of one another to fulfill the needs of a consumer are termed as…

Q: How has the supply and demand of a specific product affected your/your family’s purchasing…

A: The supply and demand for a specific good affect the consumer in several ways.  The interaction of…

Q: What is consumerism

A: Different approaches are used by the producers at the market place to attract consumers towards…

Q: It is a set of those combination of two goods which offer the consumer the same level of…

A: The consumers are considered to be one of the most important entity in an economy. The consumers…

Q: Which is more important to you, health or unlimited supply for your wants

A: Supply: It refers to the goods and services supplied in the economy to fulfil the demand of people…

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A: The question aims to explore the various factors that limit the freedom of consumers in making…

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A: Demand :Demand is when a consumer has the desire to buy something at the price that he is ready to…

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A: Price elasticity of demand is a size of the alternate in intake of a product with regards to a…