What term refers to the tendency of consumers to buy a lower price product instead of a higher price product?

What term refers to the tendency of consumers to buy a lower price product instead of a higher price product?
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Substitution
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A coal having higher volatile matter content, has lower (A) Smoking tendency on burning (B) Coke oven gas yield on carbonisation (C) Chance of catching fire during storage in open space (D) Ignition temperature

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Last Answer : (D) Ignition temperature

Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Description : Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Last Answer : (2) their marginal utility to buyers is higher than that of water. Explanation: The water diamond paradox or puzzle was a mystery of Adam Smith who observed that the price of diamonds was much higher ... is very high and so consumers are willing to pay higher prices for diamond, than for water.

Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Description : Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Last Answer :  their marginal utility to buyers is higher than that of water.

Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Description : Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Last Answer : Customer perception that a product is unique.

Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Description : Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Last Answer : Fact that as more of a product is produced the cheaper it becomes per unit

Other things remaining the same, when a consumer's income increases, his equilibrium point moves to A.A higher indifference curve B.To the left-hand side on the same indifference curve C.Remains unchanged on the same indifference curve D.A lower indifference curve

Description : Other things remaining the same, when a consumer's income increases, his equilibrium point moves to A.A higher indifference curve B.To the left-hand side on the same indifference curve C.Remains unchanged on the same indifference curve D.A lower indifference curve

Last Answer : A.A higher indifference curve

Which of these is a term that refers to a specific group of consumers toward which a company aims it's products and services?

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Last Answer : target market

Compared to the case of perfect competition, a monopolist is more likely to: a. charge a higher price b. produce a lower quantity of the product c. make a greater amount of economic profit d. all of the above

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Last Answer : d. all of the above

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Last Answer : (c) Lower the price higher the demand for the product 

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Last Answer : (d) Higher the price higher the quantity the seller is prepared to supply in market 

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Last Answer : (b) has a higher affinity for oxygen than that of an adult

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Last Answer : C)innovative benefits to consumers.

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Last Answer : (b) left auricle and left ventricle in higher vertebrates

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Last Answer : ; (c) `3 ;

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Which is a better car deal: a lower price and a higher interest rate, or a higher price and a lower interest rate?

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Last Answer : answer:The taxes you pay are figured on the purchase price of the car, therefore it makes sense to have a lower price up front. In California, the sales tax is a substantial amount. Edit, there are ... unpaid balance type of loan, that way you can pay more on the principle and owe less in interest.

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Last Answer : Higher costs

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Description : A likely consequence of merger and acquisition is: A. Lower revenues B. Price increase C. Higher costs D. Price decrease

Last Answer : Price increase

A likely consequence of rationalization is: A. Lower number of employees B. Lower revenues C. Higher costs D. Price decrease

Description : A likely consequence of rationalization is: A. Lower number of employees B. Lower revenues C. Higher costs D. Price decrease

Last Answer : Higher costs

A likely consequence of merger and acquisition is: A. Lower revenues B. Price increase C. Higher costs D. Price decrease

Description : A likely consequence of merger and acquisition is: A. Lower revenues B. Price increase C. Higher costs D. Price decrease

Last Answer : Price increase

In a monopoly market, an upward shift in the market demand results in a new equilibrium with A.A higher quantity and a lower price B.A higher quantity and the same price C.A higher quantity and higher price D.All of the above

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Last Answer : C.A higher quantity and higher price

Actual cost to assessee in case of sale and repurchase is: a) WDV at the time of first sale b) Actual price for which the asset is reacquired c) Lower of A& B d) Higher of A & B

Description : Actual cost to assessee in case of sale and repurchase is: a) WDV at the time of first sale b) Actual price for which the asset is reacquired c) Lower of A& B d) Higher of A & B

Last Answer : c) Lower of A& B

The elasticity of a demand curve with a constant slope (a) Increases at higher price ; (b) Decreases at higher price; (c) Increases at lower price ; (d) Remains constant

Description : The elasticity of a demand curve with a constant slope (a) Increases at higher price ; (b) Decreases at higher price; (c) Increases at lower price ; (d) Remains constant

Last Answer : (a) Increases at higher price ;

Steam distillation is not recommended to be used, if the (A) Azeotropic mixture is to be separated and the final product is miscible with water (B) Liquids decompose, if distilled directly at atmospheric pressure (C) Material cannot be distilled by indirect heating even under low pressure, because of the high boiling temperature (D) Material to be distilled is thermally unstable or has the tendency to react with other components associated with it, at the boiling temperature

Description : Steam distillation is not recommended to be used, if the (A) Azeotropic mixture is to be separated and the final product is miscible with water (B) Liquids decompose, if ... unstable or has the tendency to react with other components associated with it, at the boiling temperature

Last Answer : (A) Azeotropic mixture is to be separated and the final product is miscible with water

nelastic demand in industrial markets refers to a situation where A)demand for a given product fluctuates very little over time. B)price increases or decreases will not significantly alter demand for a given product. C)demand for a given product fluctuates wildly over time. D)the demand for one product depends heavily on the demand for another product. E)supply for a given product cannot keep up with the demand for it.

Description : nelastic demand in industrial markets refers to a situation where A)demand for a given product fluctuates very little over time. B)price increases or decreases will not significantly alter demand for a ... for another product. E)supply for a given product cannot keep up with the demand for it.

Last Answer : )price increases or decreases will not significantly alter demand for a given product.

The term stagflation refers to a situation where - (1) growth has no relation with the change in prices (2) rate of growth and prices both are decreasing (3) rate of growth in faster than the rate of price increase (4) rate of growth is slower than the rate of price increase

Description : The term stagflation refers to a situation where - (1) growth has no relation with the change in prices (2) rate of growth and prices both are decreasing (3) rate of growth in faster than the rate of price increase (4) rate of growth is slower than the rate of price increase

Last Answer : (4) rate of growth is slower than the rate of price increase Explanation: In economics, stagflation is a situation in which the inflation rate is high, the economic growth rate slows ... developed countries. For these countries, including the U.S., stag-nation increased the inflationary effects.

The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Description : The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Last Answer : (2) Sale in a foreign market of a commodity at a price below marginal cost Explanation: Dumping is an international price discrimination in which an exporter firm sells a portion of its out-put in ... , incurring loss in the foreign market (International Economics by M. Maria. John Kennedy, p.122).

The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Description : The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Last Answer : Sale in a foreign market of a commodity at a price below marginal cost

The term stagflation refers to a situation where (1) growth has no relation with the change in prices (2) rate of growth and prices both are decreasing (3) rate of growth in faster than the rate of price increase (4) rate of growth is slower than the rate of price increase

Description : The term stagflation refers to a situation where (1) growth has no relation with the change in prices (2) rate of growth and prices both are decreasing (3) rate of growth in faster than the rate of price increase (4) rate of growth is slower than the rate of price increase

Last Answer : rate of growth is slower than the rate of price increase

Catalytic cracking compared to thermal cracking of residue of vacuum distillation of crude oil (A) Gives higher yield of petrol (B) Lower octane number of petrol (C) Higher sulphur content in the product (D) Higher gum forming material in petro

Description : Catalytic cracking compared to thermal cracking of residue of vacuum distillation of crude oil (A) Gives higher yield of petrol (B) Lower octane number of petrol (C) Higher sulphur content in the product (D) Higher gum forming material in petro

Last Answer : (A) Gives higher yield of petrol

A multiple effect evaporator as compared to a single effect evaporator of the same capacity has (A) Lower heat transfer area (B) Lower steam economy (C) Higher steam economy (D) Higher solute concentration in the product

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Last Answer : (C) Higher steam economy

Higher automation leads to lower production costs and has what effect on repositioning a product on the perceptual map? a. makes it more difficult and expensive b. makes it easier and cheaper c. no effect d. eliminates repositioning

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Last Answer : a. makes it more difficult and expensive

When the reduced level of the water source is higher than the reduced level of the consumer's place, water is generally supplied (A) By pumping system (B) By gravitational system (C) Both (a) and (b) (D) All the above

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Last Answer : (B) By gravitational system 

If VonAir, a hairdryer manufacturer, is focusing on customer satisfaction, it will find that what consumers really want is: A)More watts B)More speed C)Higher heat settings D)Attractive hair E)More hair

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Last Answer : D)Attractive hair

If Good Invest was to perceive that consumers within a particular group were becoming more conservative in their investing, and thus developed more products with lower risk, it would be: A)responding to the marketing environmentB)changing its target market C)developing a sales orientation D)changing its organisation structure E)responding to changes in technology

Description : If Good Invest was to perceive that consumers within a particular group were becoming more conservative in their investing, and thus developed more products with lower risk, it would be ... developing a sales orientation D)changing its organisation structure E)responding to changes in technology

Last Answer : A)responding to the marketing environment

Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

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Last Answer : The theory of comparative cost advantage is given by

Feedback term refers to (A) Effect of substrate on rate of enzymatic reaction (B) Effect of end product on rate reaction (C) Effect of enzyme concentration on rate of reaction (D) Effect of external compound on rate of reaction

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Last Answer : Answer : B