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Stels [109]
3 years ago
13

Mark always avoids high-end brands as he considers them too expensive. However, in one of his shopping trips, he notices that a

luxury cologne was being sold at a considerably reduced price. He buys two of these colognes even though he had to pay slightly more than what he usually does. Which is most likely to have influenced Mark’s buying behavior?
Business
1 answer:
Semenov [28]3 years ago
5 0

Answer:

<u>a meaningful difference</u>

Explanation:

The significant difference in original perfume prices caused Mark's consumer behavior to be affected. This happens when the consumer sees the value added to a luxury product, but not consumed by the price, but finding a cheaper alternative than the usual price and higher than the price he usually pays, he nevertheless acquires by the added value with which you perceive the product.

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Suppose housing prices and stock prices decline significantly and cause autonomous consumption spending to decrease by $200 bill
kirill [66]

Answer: The change will be $400 billion.

Explanation: The marginal propensity to consume (MPC) is used to explain that increase in consumption is as a result of increase in income.

To calculate how much the equilibrium real GDP will change:

STEP1: CALCULATE THE MULTIPLIERS

multipliers = 1 ÷ (1 - MPC)

Where MPC = 0.

Therefore;

Multipliers = 1 ÷ (1 - 0.5) = 1 ÷ 0.5

Multipliers = 2

STEP 2: CALCULATE HOW MUCH THE EQUILIBRIUM REAL GDP WILL CHANGE;

Multipliers × change in consumption spending

2 × $200 billion = $400 billion

Equilibrium real GDP will change with $400 billion

4 0
4 years ago
When a person returns to work after a period of total disability but cannot earn as much as he or she did before the disability,
andriy [413]
Loss in the situation after a time
5 0
3 years ago
1. What's the term for something that seems to be contradictory, but at the same time is perfectly true?
qaws [65]

Answer:

Paradox

Explanation:

A paradox is a statement that seems to say two opposite things but may be true.

4 0
2 years ago
8. Problems and Applications Q8 Social Security benefits are increased each year in proportion to the increase in the CPI, even
oksano4ka [1.4K]

Answer:

  1. False
  2. True

Explanation:

1. Social security benefits are increased each year in proportion to an increase in CPI which measures inflation. This CPI is based on a market basket that most people use. If the social security benefits that the elderly get rises as the price of the basket rises then Social Security would not provide a decrease in their standard of living but would rather leave it unchanged so this answer is <u>FALSE.</u>

2. If Healthcare is said to be rising faster than inflation and elderly people consume more health care then that means that Social security benefits which are based on a inflation are not capturing the rise in living expenses for the elderly appropriately. This means that old people might be worse off. This is therefore <u>TRUE. </u>

6 0
3 years ago
When a counteroffer is made, the offer is
Elina [12.6K]

Answer:

D- Terminated

Explanation

The original offer is terminated and a new offer is formed.

3 0
3 years ago
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