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

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
From a macroeconomic standpoint it would be most desirable to have a decrease in personal consumption expenditures/spending (aggregate spending by the household sector) A. w
Show the area on the graph that would correspond to consumer's surplus earned by the typical boarder/skier with this payment scheme. Explain your answer briefly.
Distinguish between the substitution and income effects of a price change. If a good's price increases, does each effect have a positive or a negative impact on the quantity
Economic data has shown a relationship between Inflation and Unemployment rates. What is this relationship called? What are some determining factors of the relationship? How
The annotated bibliography assignment is your main project for this class. It includes a written thesis statement about a topic of your choice and a list of seven related re
Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2. a. What is the profit maximizing price and output for this mon
Identify and discuss two aspects of the rulemaking process that the School House Rocks video correctly identifies. how helpful do you believe videos such as "I'm Just a Bill"
Submit an outline that which gives information on your article and the three general economic principles and the three to five macroeconomic indices you will be discussing in