Consumers’ willingness to pay depends on what income and prices of related goods.

2 answers:

4 0

Based on the given description above, the answer for this would be the term DEMAND. Demand is defined as the consumers' willingness to pay depends on what income and prices of related goods. Hope this is the answer that you are looking for. Have a great day ahead!

GenaCL600 [577]3 years ago

3 0

Answer:

Consumers willingness to pay depends on the following - preference of customers; income and price of related goods.

The consumer will always pay if he wants to pay that means it depends on his preference. Secondly, the consumer will not pay out of his pocket limit that means he will pay according to his income. And also if the price of the related good is as per his limit.

You might be interested in

GIVING BRAINLIEST

Delicious77 [7]

Sarah was locked out of her apartment and the only way out is through a window three stories high 20 feet above the ground. She needed to borrow from one of her friends. There is a tree along the side of the house so she will need to put the ladder 15 feet from her apartment. How long does the ladder need to be to reach the apartment window?

3 0

2 years ago

The point p has coordinates (-20,-12) in which quadrant does point p lie

sp2606 [1]

It lies in the third quadrant. Best of luck!

6 0

3 years ago

2.–/1 pointsMy Notes

Hitman42 [59]

What is "b" ???????????

6 0

3 years ago