Expectations in market demands for durable goods

Present market demands for most of the durable goods tend to rise if: (1) Their prices are predicted to rise in the near future. (2) Consumers expect growth in supplies of substitutes. (3) Technological advances make present models obsolete. (4) The prices of complementary goods increase.

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

View Complete Question

Related Questions in Microeconomics

Q : Relative concept about poverty A

A predictable reluctance through modern welfare recipients to trade all they own for the material possessions of a rich person by a much earlier period would be evidence which poverty is: (w) easily solved by income redistribution pro

Q : Price cross-elasticities of demand When

When the price of thermal underwear is increased from $12 to $18 per pair, because of the quantity of cross country snow skis to decline by 1,200 to 800 pairs annual, such goods are ____ and the price cross elasticity of demand equiva

Q : Non-discriminating firm with monopsony

I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The non-discriminating firm with the monopsony power in labor market confronts a: (1) Wage rate which consistently surpasses the marginal rev

Q : Investment and the Demand for Loanable

When the present value of the expected future income by additional investment exceeds the current cost of additional investment, in that case investment will: (w) rise. (x) fall. (y) not change. (z) There is insuffici

Q : Describe economic perspective The

The economic perspective refer as: 1) macroeconomic phenomena, but not microeconomic phenomena. 2) microeconomic phenomena, but not macroeconomic phenomena. 3) the making of purposeful decisions in a context of marginal costs and marginal benefits. 4) unlimited resour

Q : Problem on Market Power and Demand for

Can someone help me in finding out the right answer from the given options. Imperfect competition in the product markets outcomes in: (i) Less labor hired than when product markets were competitive. (ii) Above the equilibrium wages being paid by the monopolists. (iii)

Q : Definition of Featherbedding Can

Can someone help me in finding out the right answer from the given options. The Featherbedding is: (i) Practiced by the migratory ducks and geese merely. (ii) Practiced by the female song birds each and every spring. (iii) Rousingly substituted by the water-bedding. (

Q : Determine price of unitary price

St. Valentine’s Day software is currently going in version of 6.0. At this point on the demand curve where the price elasticity of demand is unitary, there the price would be approximately: (i) $20, resulting in roughly 16 milli

Q : Monopsony Power-sole buyer Can someone

Can someone please help me in finding out the accurate answer from the following question. The firm which is the sole buyer of a specific good or resource is the: (1) Monopsonist. (2) Conglomerate. (3) Price discriminator. (4) Plutocracy. (5) Bilateral monopolist.

Q : Determine total fixed cost This

This profit-maximizing pure competitor’s fixed cost (TFC) can be calculated as area of: (1) 0Phq2. (2) 0bgq2. (3) Pbgh. (4) 0aeq1. (5) daef.

Discover Q & A

Leading Solution Library

Avail More Than 1447105 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1953986
Asked

3,689

Active Tutors

1447105

Questions
Answered

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

Submit Assignment