Expectations and Demand problem

The demand for durable consumer good tends to rise if: (1) Supply rises. (2) Aggregate expenses rise. (3) Consumers predict price hikes or scarcities in the future. (3) Consumers predict surpluses in future.

Choose the precise answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Poverty line define officially Official

Official poverty rates for U.S. families [the “poverty line”] are: (a) higher than in most other countries. (b) very similar for different types of families. (c) higher for the middle class than for lower class families. (

Q : Production possibility frontier By

By using the production possibility frontier, revel that if a society decides to produce more capital goods associated to consumption goods in year 1, then in year 2 there will be more consumption goods.

Q : Question on economic cost Select the

Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.

Q : Amount of goods or resource under

The amounts of a good or resource which sellers will offer beneath different conditions are termed as its: 1) Supply. (2) Availability. (3) Market. (4) Equilibrium. (5) Surplus. Find out the right answer from the above options.

Q : Differentiated goods in monopolistic

Several other market structures may pivot around goods which are heterogeneous, although the market structure which absolutely needs goods to be differentiated within the minds of consumers is. (i) perfect competition. (ii) pure competition. (iii) mon

Q : Labor adds uniformly to total revenue

The entire profit maximizing firm will appoint more labor up to the point where: (i) Average physical product of the labor equivalents the nominal wage. (ii) Last unit of the labor adds up equally to net revenue and net cost. (iii) Marginal product of the labor is at

Q : Market initially at price and quantity

This market for peanuts is primarily into equilibrium at price: (w) P0 and quantity Q0 (x) P1 and quantity Q0 (y) P2 and quantity Q2 (z) P1 and quantity Q1

Q : Price increases and price cut in

Within the kinked-demand-curve model, there the firm faces: (w) a less elastic demand curve for price increases as well as a more elastic demand curve for price cuts. (x) a more elastic demand curve for price increases and a less elastic demand curve

Q : Floating exchange rates Provide

Provide solution of this question. In saying that the present system of floating exchange rates is managed we mean that: A) countries which allow their exchange rate to move freely will lose their borrowing privileges with the IMF. B) the value of any IMF member

Q : Price fluctuations to go bankrupt in

Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency.

Discover Q & A

Leading Solution Library

Avail More Than 1416054 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941465
Asked

3,689

Active Tutors

1416054

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment