new shopping
Not what you're looking for?
From our discussion of consumer behavior and elasticity, "Do you believe Americans will no longer shop as they had before?"
For example, in the "old days", Jimmy Choo shoes would cost $500 (approximately - ladies - help me out here) but now can obtain for 70% less.
Do you think we, as consumers will be more price sensitive and price conscious?
What do you think this means for luxury goods?
Purchase this Solution
Solution Summary
The expert determines whether they believe Americans will no longer shop as they had before.
Solution Preview
I believe that some Americans will not shop as they have before. This includes most of the middle class who may or may not have shopped before. However, it will not include the very upper class because even though the economy is in turmoil, and the upper class may have less income coming in, they still ...
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.