Answer:
Letter E is correct. <em>Their share of the cost is hig</em>h.
Explanation:
Price sensitivity is characterized by consumer behavior in relation to the price of a product or service.
The degree of price sensitivity can be measured using the price elasticity of demand, which is the study of the percentage change in the amount of demand for a good or service divided by the percentage change in price.
Some variables may affect consumer behavior, price sensitivity may be higher when there are many substitute products and lower when the consumer values a higher quality good and <u>when its profitability is higher compared to the total cost of the product.
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Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
The hedonic treadmill is the tendency for people to return to a stable level of happiness after major positive or negative events in their life.
The answer is: b. Bank E offers you a chocolate bar for filling out an application for checking and credit at the same time.
When you make examination to determine the type of bank accounts to open , your focus should only be the financial gain that you will obtain from the banks, not small snack that you can buy easily with your money.
You need to focus on finding out which banks would provide more interest rates for your saving, which provide the fastest and reliable services, and which provides more investments opportunities for you.
