Question.1141 - Reflect on your past purchases and select one where the product or service experienced a change in price, either up or down. You could choose, for example, gasoline, takeout food, smartphones, clothing, movies, or another product or service. How did you respond to the price change? What factors influenced your decision? Was the price change only for the brand of the product you purchased or for all brands of the product? Were you able to find alternatives or close substitutes? Did your decision affect the purchases of other products and services? Post a 75- to 150-word (1- to 2-paragraph) explanation of the factors that influence your decision about how much of your selected product or service to purchase. In your explanation, address the following: What might happen if the price of that product or service fell or rose? Identify complements to and substitutes for the product or service you identified. How do these other products or services influence your purchasing decisions?
Answer Below:
I xxxxx like xx consider xx example xx a xxx Kit x purchased xxxx during xxx COVID- xxxxxxxx During xxxx time xxxxx was x massive xxxxxx for xxx kits xxxx known xx personal xxxxxxxxxx equipment xxxxx the xxxxxx was xxxx the xxxxx of xxx PPE xxx increased xx days xxxxxx there xxx a xxxxxxxxxxx improvement xx the xxxxxxxx it xxx less xxxxxx that xx would xxxx patients xxxxxxxxx from xxxxxx At xxxx time xxx demand xxx PPE xxxx decreased xx the xxxxxx was xxx the xxxxx of xxx PPE xxxxxxx as xxxx Browning xx al xxx shortage xx PPE xxxxxx has xxxxxxxxx the xxxxxx in xxx market xxxxxxxxxx increasing xxx prices xx the xxxxxxxx situation xxxxxxxx the xxxxxx for xxx kits xxx low xxxxxxx to x surplus xx the xxxxxx and xxxxxxxxxxxx to xxxxxxxxxx prices xxxxxx et xx The xxxxx change xxx there xxx all xxx brands xx the xxx Kit xxxxxxxxxxx to xxx kits xxxxxxx sanitizers xxx disinfectants xx they xxx often xxxx together xxxxxxxxxxx could xxxxxxx reusable xxxxx masks xx face xxxxxxx ReferencesBaloch x Gzara x Elhedhli x Covid- xxx distribution xxxxxxxx with xxxxxx priorities xxx supply xxxxxxxxxxxxx Computers xxxxxxxxxx research xxxxx doi xxx j xxx Browning x K xxxxx M x Microeconomics xxxxxx and xxxxxxxxxxxx ed xxxxxxx NJ xxxxxMore Articles From Economics
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