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- d) There is an increase in income e) taste increase for the goodThere are several factors that have influenced the importance of purchasing andsupply”. Justify this statement by discussing information technology as a major factor.Provide an example of your choice to explain the factor.Which of the following would be an example of a complimentary good in relation to a Honda Accord Car? A) gasoline B) toothpaste C) a Toyota Prius car D) public transportation
- explain in detail with the help of graph ? Does the sales tax affect the consumers with price increase ?Problem How does change in expectation affect the demand curve? How a change in price affect the demand curve?How does a sudden decrease in consumer confidence due to a significant political event impact the demand for luxury goods in an economy?
- How has the supply and demand for a specific product affected your or your family’s purchasing decisions? Which variables most affect your decision to either buy or not buy a good or service?Sumaiya, who consumes pepsi and pizza, gets a raise in her income from $300 to$400. Pepsi costs her $2 per glass and pizza costs $10.a. Show what happens to her optimal consumption point if both Pepsi and pizzaare normal good?b. Show what happens if pizza is an inferior good.According to statistics, people in their teens (15 years) will buy 12 CDs and 15 cheese pizza in a year. If cheese pizza is a secondary good, is this consumer indifferent between getting a $ 30 gift voucher at a local CDs store and $ 30 in cash? Explain. Thank you for taking a look at my question.