Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 5, Problem 13AA
To determine
Four factors which influence the kind of clothing people make.
Expert Solution & Answer
Explanation of Solution
The four most common factors which influence the kind of clothing people make are:
- Price: It is the most common factor as higher prices discourage people from selecting cloth. Therefore, price plays an important role while selecting cloth.
- Design/Style: This happens due to taste and habits. People who prefer cotton clothes may not select any other type of cloth easily.
- Durability: People prefer durable clothes. As longevity is something people always look for.
- Quality: People prefer better quality as it satisfies various other needs like durability, comfort, safety, etc.
Economics Concept Introduction
In economics, choice is an ability of individuals to select the alternative which provides maximum satisfaction after considering scarce resources.
Chapter 5 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 5.1 - Prob. 1RCh. 5.1 - Prob. 2RCh. 5.1 - Prob. 3RCh. 5.1 - Prob. 4RCh. 5.2 - Prob. 1RCh. 5.2 - Prob. 2RCh. 5.2 - Prob. 3RCh. 5.2 - Prob. 4RCh. 5.2 - Prob. 5RCh. 5.3 - Prob. 1R
Ch. 5.3 - Prob. 2RCh. 5.3 - Prob. 3RCh. 5.4 - Prob. 1RCh. 5.4 - Prob. 2RCh. 5.4 - Prob. 3RCh. 5.4 - Prob. 4RCh. 5 - Prob. 1AACh. 5 - Prob. 2AACh. 5 - Prob. 3AACh. 5 - Prob. 4AACh. 5 - Prob. 5AACh. 5 - Prob. 6AACh. 5 - Prob. 7AACh. 5 - Prob. 8AACh. 5 - Prob. 9AACh. 5 - Prob. 10AACh. 5 - Prob. 11AACh. 5 - Prob. 12AACh. 5 - Prob. 13AACh. 5 - Prob. 14AACh. 5 - Prob. 15AACh. 5 - Prob. 16AACh. 5 - Prob. 17AACh. 5 - Prob. 18AACh. 5 - Prob. 19AACh. 5 - Prob. 20AACh. 5 - Prob. 21AACh. 5 - Prob. 22AACh. 5 - Prob. 23AACh. 5 - Prob. 24AACh. 5 - Prob. 25AACh. 5 - Prob. 26AA
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