+1-415-670-9189
info@expertsmind.com
As customers will more price sensitive also price conscious
Course:- Macroeconomics
Reference No.:- EM1328402




Assignment Help
Assignment Help >> Macroeconomics

New shopping

From our discussion of consumer behavior and elasticity, "Do you believe Americans will no longer shop as they had before?"

For example, in the "old days", Jimmy Choo shoes would cost $500 (approximately - ladies - help me out here) but now can obtain for 70% less.

Do you think we, as consumers will be more price sensitive and price conscious?

What do you think this means for luxury goods?

 




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Campbell's sells used trailers, U, and new trailers, N, Its profits are given by p = 100N+68U-5N^2-5U^2-2NU.  The profit-maximizing combination of trailers for Campbell's is
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using sta
Describe the neoclassical theory of economic growth. Then explain how the neoclassical theory is impacted by research about endogenous technological changes and increasing m
Suppose that inflation is 2 percent, the Federal funds rate is 4 percent, and real GDP is 3.00 percent below potential GDP. According to the Taylor rule, in what direction a
The objective of ERP is to coordinate and integrate a firms entire business operations, including supply chain management, product life cycles and customer relationship mana
1. Suggest how monetary policy is effective at preventing inflation but ineffective in countering recession. Provide support for your response. 2. From the e-Activity, sugge
A new machine used for filling cans of liquid hairspray can be set for any average fill. If the amount of fill is distributed with a variance of 0.0025 oz.^2, what setting w
Suppose that the income elasticity of demand for land is +0.75. The unit commuting cost (cost per mile) is the sum of monetary cost (30 cents per mile) and time cost (opport