--%>

Changes in Household Demand

The changes in a household’s tastes most directly influence the families: (1) Number of members. (2) Demands for goods. (3) Total wealth. (4) Income constraint.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Charging price in short run for profit

    Now Roast chicken dinners replace fried chicken in popularity in this given demonstrated figure. In the short run that profit maximizing firm will charge a price equal to: (w) $12.00. (x) $11.00. (y) $10.00. (y) $9.00. (z) $6.50.

    Q : Economies of Scope problem In the year

    In the year 1960s, suburbanites start to landscape by employing bark which had formerly been discarded whenever Clear-Cut Forestry Products turned logs to lumber whereas decimating old-growth forests. The extra operating revenue to Clear-Cut from selling bags of bark

  • Q : Illustration of monopolistic competition

    A small neighbourhood grocer in a big town mainly close approximates a: (i) pure competitor. (ii) monopolist. (iii) monopolistic competitor. (iv) oligopolist. (v) monogamist. Hello guys I want your advice. Please recommend some vie

  • Q : Illustrations of homogeneous goods

    Illustrations of homogeneous goods would comprise: (i) automobile tires. (ii) athletic shoes. (iii) personal computers. (iv) most farm products. (v) college textbooks. Hey friends please give your opinion for the p

  • Q : Define change in demand Change in

    Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.

  • Q : Elastic Demand for Labor At existing

    At existing wages the LEAST elastic demand for the labor is most likely faced by: (i) Unskilled harvest workers. (ii) Garment workers. (iii) Assembly line workers. (iv) Dentists. Can someone please help me in findi

  • Q : Problem on Explicit Costs Can someone

    Can someone help me in finding out the precise answer from the given options. The explicit costs of the firm would not comprise: (1) Salaries paid to the employees. (2) The value of owner’s effort and time. (3) Electric bills automatically paid as the drafts on

  • Q : Problem on Arbitrage Costs Purchasing

    Purchasing low in one market and at the same time selling high in the other market is termed as: (1) Gambling. (2) Speculation. (3) Arbitrage. (4) Optioning. (5) Hedging. Find out the right answer from the above options.

  • Q : Relatively price inelastic for prices

    Suppose that all these illustrated curves are infinitely long straight lines. Then supply curve which is relatively (although not perfectly) price inelastic for all prices and quantities is: (1) supply curve S1. (2) supply curve S2

  • Q : Slope of indifference Curve State the

    State the slope of indifference Curve? Answer: Slope of indifference curve is equivalent to MRS, that is, Marginal Rate of Substitution.