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What are the problem faced in determining the demand for a durable goods illustrate with example of demand for households refrigerator or television set?
Wiki User
∙ 9y ago
The demand for a new product. A market survey of customer need analysis of sales records of competing products. The basis for making an estimate or a prediction of a new product can be used from a comparable product
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe demand for a new product. A market survey of customer need analysis of sales records of competing products. The basis for making an estimate or a prediction of a new product can be used from a comparable product.
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In the 1950's what did television use to help spur economic growth?
It was advertising on television in the 1950s that helped spur economic growth. By 1970, 96 percent of American households had at least one television.
What role does upbringing play in limiting an individuals personal freedom?
Upbringing plays a huge role in limiting an individuals personal freedom. Some children are brought up in very strictly controlled households. They may be home schooled, kept from television, music, and movies, and spend most of their time with just their immediate family. These children would not grow up with much personal freedom. All of their decisions would be made for them.
How do interest rates affect consumption?
Real interest rates influence the level of household consumption in a country. Consumption of durable goods is interest sensitive, since households will sometimes finance the purchase of "big ticket items" such as automobiles, household appliances, computers, televisions, and other goods through borrowing. Households will respond to higher real interest rates by decreasing their consumption of these non-essential items since it becomes more costly to borrow when interest rates rise.Real interest rates are determined by taking the nominal interest rate, which is the actual percentage charged by banks for a loan, and subtracting the rate of inflation. For instance, a nominal interest rate of 5% in a situation where unanticipated inflation is 2% equates to a real interest rate of 3%. Households consider the real rate of interest when deciding to purchase durable goods requiring financing.If inflation is anticipated, banks will charge higher nominal interest rates to borrowers and therefore anticipated inflation has little or no effect on the real interest rate and consumption. Nominal interest rates rise with anticipated inflation as banks must charge higher rates to maintain their profits, since inflation erodes the value of money and a borrower would be paying back money worth less than the money he borrowed if nominal rates were not increased. However, if there is unanticipated inflation, or inflation greater than the rate anticipated by banks and incorporated into the rate charged to borrowers, then this will reduce the real interest rate and induce households to spend on durable goods, since the opportunity cost of holding money (the inflation rate) increases while the opportunity cost of spending money (the nominal interest rate) remains the same.During periods of unanticipated inflation, the real interest rate falls and households are more likely to consume more at every level of disposable income. If there is unanticipated deflation (a decrease in the price level), then the real interest rate rises, and since households would now have to pay back their lending banks with money worth more than that borrowed, the incentive is to save more and decrease consumption. A rise in real interest rates caused by a decrease in the price level results in less consumption at each level of disposable income.
What services does DSTV offer to consumers?
DSTV is the provider of television programming to its customers. The television company provides digital cable television service, and offers over seventy five channels.
Which of these is not an economic decision?
Deciding which television sports program to watch
What percentage of the people in the UK in the 60s had a tv?
In the 1960s, around 92% of households in the UK had a television set. Television ownership was increasing rapidly during that time due to the popularity of programs like the BBC's "Coronation Street" and ITV's "The Avengers."
What percentage of Canadian households have a tv?
Alot.
How many households have a tv?
98.9% of American household have a television.
What is the total number of households owning TV sets in India?
As per TAM Annual Universe Update-2010 over 134 million households have TV sets.
What percent of American households have satellite TV?
58 percent
How many UK households still watch black and white TVs?
About 13,000 households in the UK (year 2014) purchase a Black & White TV license and must therefore be watching Black and White TVs.
How many people have tv in Puerto Rico?
According to the US Government 2010 digital transition survey there were 1,261,325 TV households in Puerto Rico. According to the 2010 census there are 1,480,330 total households in Puerto Rico. This means that 85% of Puerto Ricans have at least one TV in their house. 98.5% of US households (50 states combined) have a TV.
Who was the man in the old Refrigerator TV commercial who was in the refrigerator to jokingly turn the light off and on?
Yahudi
Many slum households in Bangkok have a colour television true or false?
true
How many people own TVs in new zealand?
There will be a small percentage of folk who object to TV, but otherwise, all households would have at least one TV. Around 1 million households. [But Census day is just a week or so away!]
By the early 1950s the leisure habits of most American households had been recently transformed by?
Television.
What television show made Steve-O a recognizable name in households across America?
jackass
