Question

Give three examples of goods and services that you buy whose prices change only periodically and therefore contribute to staggered pricing in the economy.

Answer 1

The below are the three examples of the good and services whose prices change periodically:

1.Clothing/Garments:It is due to various factors that there is change in the price periodically by some change in factors of fashion,material and seasons.

2.Games/Toys:This brings in changes due to the demand of skills,knowledge the generation moving at a faster pace where learning is at a different level and has such requirements.

3.Food/Consumption:This will be due to demand based on the seasons factor.