Discuss how pricing affects consumer purchasing


5-7 pages
Pricing
Discuss how pricing affects consumer purchasing, particularly the purchasing trends of individual households. Describe how supply and demand, the market structure and the labor market affect pricing. Take into account the effect that advertising has on how much individuals are willing to pay for an item. Consider addressing the challenges that small businesses face when competing with larger companies.

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Microeconomics: Discuss how pricing affects consumer purchasing
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