You are watching: When a consumer is able and willing to buy a good or service, what does he or she create?
1. When a customer is able and also is willing to buy he creates DEmand also. As the defination of demand claims a consumer's desire and also willingness to pay a price for a particular good or business. 2. The inter…View the full answer
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Transcribed photo text: When a customer is able and also willing to buy a good or service, he or she creates which of the following? What determines the price und the quantity created of many goods? the consumer's perception of need the interaction of supply and demand the availcapacity of substitutes for the goods the high quality of the goods that are developed What are inferior goods? items that are not well developed items that no one desires to buy items for which the demand also drops once income rises goods for which the demand also rises as soon as revenue drops How is future price concerned current demand? If the price is meant to rise, current demand also will certainly climb. If the price is supposed to loss, present demand will rise. If the price is supposed to climb, current demand will drop. Future price is not concerned present demand also. What determines how a readjust in prices will certainly impact complete revenue for a company? the company's pricing plan the consumers' incomes elasticity of demand values of elasticity What sort of system is the USA economic situation based on? Ceteris paribus, or "all various other things hosted consistent," is an presumption that has which of the following effect on a demand also schedule? It considers the effects of all possible alters on demand also. It is accurate only at one price level. It is specific no matter what alters occur. If takes just prices right into account. What reflects the quantities of products demanded at each price by all consumers in a market? a sector pricing list a schedule of consumer prices an elasticity and usage list a market demand schedule How did the existence of the baby boom generation opportunity demand also in the United States? After they reached the teenage years, the baby boomers were incorporated right into the culture and also no much longer impacted demand. Demand was raised for different items with each age the baby boomers reached. The baby boomers did not raise demand also until they came to be adults, as soon as they had actually their very own money to spend. People were poorer because they had actually so many kind of kids, so demand also was lowered.