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Prominent variables used to explain the rate at which the good is purchased (demanded) are the price per unit of that good, prices of related goods, and wealth of the consumer. The law of demand states that the rate of consumption falls as the price of the good rises, even when the consumer is monetarily compensated for the effect of the higher ...
Good–deal bounds. Good–deal bounds are price bounds for a financial portfolio which depends on an individual trader's preferences. Mathematically, if is a set of portfolios with future outcomes which are "acceptable" to the trader, then define the function by. where is the set of final values for self-financing trading strategies.
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...
Here’s who to blame — and who not to blame — for the slumping US economy. In good economic times, politicians in the US rush to take all the credit. In bad times, it’s the other party’s ...
Consumer spending accounts for the vast majority of the US economy, about 70% of it. Spending accelerated sharply in the second quarter to an annual rate of 2.3%, up from 1.5% in the first quarter ...
Raycon has an amazing selection of best selling earbuds, headphones and more which rival the most popular brands — but best of all, they’re significantly less expensive. And right now, you can ...
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