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
Jenny has a bank account on which simple interest is earned at 1¼% per annum on credit balances (Cr). The bank charges simple interest at 10% per annum on debit balances (Dr
Diversity and multiculturalism are important aspects to consider in this global environment. It is critical to understand how one's perspective toward multiculturalism and d
The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your pr
Do corporate managers always act in the best interest of shareholders Explain. Research and present one CEO (Chief Executive Officer) pay package. Does this CEO earn more mo
Now suppose that Charles Home improvement, when the disposal cost of old water heaters is included, has exactly the same average and marginal cost curves for installing repl
The government uses policies like student loans and free trade to influence the economy's growth rate. In 600-1200 words, identify at least four policies from the textbook t
Choose a nation and an economic concern, such as population, unemployment, etc. Look for the Library and Internet for data sets for the concern that you have chosen.
(i) Explain the difference between a bonus issue and a rights issue of shares. (ii) Prepare the journal entries required to record CD's rights issue in its financial records