Using the list on the bottom what are "service" components and "physical goods" components? a new car (C) designer jeans (J) car oil change (O) dress dry cleaning (D) haircut (H) tax preparation software (T) college education (E) * if you can separate each one into two groups one for services and another one for physical g

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: one factor EACH that you think influences demand and supply for milk.

A: The factors that effect the demand of milk.  1) Price of the coffee and tea powders:  If the price…

Q: What examples do you have of goods and services that were once luxuries, which have become…

A: Luxury goods are those whose demand increases as people's income increases.

Q: Explain how changes in income (budget constraint) and prices affect consumer consumption choices.…

A: Considering a 2 good case given the prices and income levels of consumer budget constraint / line is…

Q: Change in price vs. a change in a non-price factor

A: Change is price  means the changes in price change that point of quantity demanded on the demand…

Q: what are four goods and services that people consumed on an average day

A: The ultimate good that a company makes and sells to the customer is referred to as a consumer good.…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: How does change in price affect CONSUMER OPPORTUNITIES?

A: Microeconomics refers to the branch of economics that is concerned with a single factor and affects…

Q: In a business Finance/Budgeting situation, create a budget for month-long vacation trip to Australia…

A: The technique of controlling one's income and expenses in order to meet financial objectives is…

Q: Why it is essential to focus on the customer when planning sales calls?

A: Sales call refers to the situation where the sales person is meeting with the potential customer…

Q: Would you call your refrigerator a comfort or a necessity?

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

Q: Goods that can be used to replace one another are called What?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: Jack paid $13.75 to buy 3 slices of pizza and 4 hot dogs at a concession stand. Sarah paid $9.75 to…

A: A system of equations is frequently used in economics to model and examine different economic…

Q: How do demand and supply curves impact your life?

A: Demand and supply are very important for life. Basic products as well as luxurious products are…

Q: what is affordance and visibility?

A: Affordance: A feature of an object is to give the user a hint as to how to utilize it, what…

Q: What happens in the market for beach towels,now that the season is over? Graph and explain

A: Demand is the consumer's willingness to pay or consume a certain good available in the market. It…

Q: What are the impacts of throwaway lifestyle to the environment and to the poor?

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: Detail the cost-benefit analysis for the reader's benefit. What methods are used to determine the…

A: A cost-benefit analysis (CBA) calculates the benefits of a choice or action minus the expenses. A…

Q: Write a few sentences from the viewpoint of a first-time buyer when home appliances became available…

A: In the 1920s, there was the opening of new possibilities of mobility for a large % of the population…

Q: human want or need is called A. Service B. Demand C. Utility

A: So all the actual aspirations and the basic desires of the human are totally known as the human…

Q: create  a  product  to present a to  shark tank  describe your product  answer the questions 1.…

A: A product that i will be able to present, pitch, and negotiate for television program Shark Tank may…

Q: Read the article from the New York Times in the box below, and then answer the questions that…

A: The free market is a supply and demand-based economic structure, with little or no government…

Q: Sue has $200 to buy supplies for her computer. The two items that she needs are printer ink and…

A: A budget line is a straight line that slope downwards and consists of all the possible combination…

Q: What inferior goods that people buy?

A: Demand for inferior products is often determined by client behavior. Inferior smart refers to…

Q: How does a consumer determine how much of a good he or she will buy?

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Q: What refers to the amount of the satisfaction derived from the consumption of the commodity Help•••

A: It is the UTILITY which refers to the amount of the satisfaction derived from the consumption of the…

Q: a full explanation about perceived enjoyment

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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: List and define the different kinds of goods.  Give an example of each

A: Normal goods: If the demand for a good is most responsive to its price, the good is known as the…

Q: What are the two things consumers can do with income?

A: Income is the financial gain earned during a particular period of time.

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: Answer in a paragraph- What are the various factors that affect your purchase process when you buy…

A: When purchasing shampoo, my decision-making process is a multifaceted one that considers various…

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC