Stock of durable goods on hand, Microeconomics

Stock of durable goods on hand:

If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars, televisions, etc. all worth years of service. Hence, for sometime, many households will be out of the market for such products with the result that consumers will be willing to spend less and save more at each level of disposable income.

The level of disposable income:

The level of income is the basic determinant of how much households will consume.As households` income increase consumption expenditure increases and vice versa.

Posted Date: 1/3/2013 12:12:06 AM | Location : United States







Related Discussions:- Stock of durable goods on hand, Assignment Help, Ask Question on Stock of durable goods on hand, Get Answer, Expert's Help, Stock of durable goods on hand Discussions

Write discussion on Stock of durable goods on hand
Your posts are moderated
Related Questions
#quUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women

#questioSuppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in au

what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?


Survey Methods: The most direct method of forecasting demand in the short run is survey method. Surveys are conducted to collect information about future purchase plans of the

When Alex's income increased from $3,000 to $5,000, he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from 12 to 6 a month. Calcula

NEW CLASSICAL BUSINES CYCLE THOERY: Yang, Xioaokai,  Economics: New Classical versus Neoclassical Frameworks, Oxford: Blackwell Publishers.  The book goes on to rigorously dev


Allocative efficiency criteria are satisfied by the competitive model.  Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec

Most lotteries in the United States pay their winnings over time. For illustration, a million-dollar winner will receive $100,000 initially and the rest in equal installments over