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Refer to the Chapter 4 textbook reading which discusses consumer expectations as one of the five nonprice determinants of demand that cause a shift in
Refer to the Chapter 4 textbook reading which discusses consumer expectations as one of the five nonprice determinants of demand that cause a shift in demand. Additionally, review the topic Resource, "Survey of Consumers," and discuss the following:
- What are consumers currently expecting this month? How much has the consumer expectation changed compared to last month? Compared to last year?
- What changes in society or the economy might explain these changes, including your predictions for the next consumer sentiment report?
Resource to answer question: http://www.sca.isr.umich.edu
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