Describe the effects that normative statements have on consumer expectations and thus the demand for certain goods and services.

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02-10-2017
Business

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Describe the effects that normative statements have on consumer expectations and thus the demand for certain goods and services.

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Jim has gotten scores of 99 and 93 on his first two tests. what score must he get on his third test to keep an average of 90 or greater

W0lf93 W0lf93 · Answer 1 · 2017-10-13T11:28:46+02:00

W0lf93 W0lf93

13-10-2017

Normative statements shape the way a person feels about a good or service because they show the world the way it should be, rather than how it is. These will increase the quantity demanded of a good or service, if the statement shows the good in a positive light. It will have the opposite effect if the statement is negative.

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