0
Add your answer:
Earn +20 pts
Which is a dimension or assumption of the marginal-utility theory of consumer behavior?
The consumer has a small income.
How does consumer income affect the demand for normal goods?
A good that decreases in demand when consumer income rises; having a negative Income increases will thus affect the consumption of these goods.
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
An article on income effect and substitution effect?
chnage in consumer's equilbrium due to change in income of the consumer..known as income effect.
How changes in consumer tastes and consumer incomes affect demand?
If consumer income increases, demand will increase. If income decreases, there is less money to spend, so demand for products that are not necessary will decrease. Consumer tastes influence what products are in demand. This can change over time, so a product that is in high demand may become a low demand product and visa versa.
How does consumer lifestyle affect consumer behavior?
A consumer's lifestyle mainly depends upon following factors: Income Marital status Culture Social group & Buying power. Any change in one of them changes the behaviour of consumer. From Raja Khan
How a consumer's lifestyle may in-pact consumer behavior?
A consumer's lifestyle mainly depends upon following factors: Income Marital status Culture Social group & Buying power. Any change in one of them changes the behaviour of consumer. Naivedya
Which is a dimension or assumption of the marginal-utility theory of consumer behavior?
The consumer has a small income.
How does consumer income affect the demand for normal goods?
A good that decreases in demand when consumer income rises; having a negative Income increases will thus affect the consumption of these goods.
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
How will an increase in income affect the budget line?
if the consumer`s income changes it will influence the budget line and it will shift to the right.
How does income affect behavior?
Income can affect behavior in various ways. Individuals with higher income may have more disposable income for spending and leisure activities, leading to different consumption patterns. Income can also impact social interactions, psychological well-being, and feelings of self-worth. Overall, income level can influence decision-making, lifestyle choices, and social status.
What are the effect of income on conumer behavior?
The effect of income is a direct factor in consumer behaviors. Without an ample amount of income being provided the consumers cannot possible consume as much as needed or wanted therefor their behavior changes, less is spent, and less is bought.
Define economic factor?
A consideration regarding how a consumer's disposable income and other financial resources tend to impact their buying activities.
The graph comparing the income a consumer makes?
The answer depends on what is being compared: the income of the same consumer at different stages of their life or the income of a consumer compared with other consumer.
What has the author J S Duesenberry written?
J. S. Duesenberry has written: 'Income, saving and the theory of consumer behavior' 'Money and credit'
An article on income effect and substitution effect?
chnage in consumer's equilbrium due to change in income of the consumer..known as income effect.
