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Essay

Economics

Essay specific features

 

Issue:

Business

 

Written by:

Jaime R

 

Date added:

September 23, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 555

 

Was viewed:

6484 times

 

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Essay content:

and price of substitute goods ? if a substitute or alternative good (contact lenses) is cheaper, people may switch to it, decreasing demand for that product. (Also if spectacles were being sold cheaper by on-line opticians, consumers may switch to it too) ? Expectations of future price changes ? E.g...
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when people expected fuel prices to soar up, they started to buy a lot in order to stock up. If people expected the prices of spectacles to increase, they wouldn't stock up, they would consider buying a new pair now rather than later, or have an eye test done now rather than later. ? Income ? If people's income were to increase it could increase demand for designer label spectacles, and visa versa if it decreases...
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