That averages out to 10 dollars per square foot. On a larger scale, a 15,000 sq ft fire damaged home in Culver City, California was demolished for a final cost of $75,000. This averages out to about 5 dollars per square foot.A few more examples are outlined below. 1  Dallas, TX-A 900 sq ft wood home was demolished for a final cost of $3,000, which is about $3.30 per square ft. 2  Bayview, SC-A 1-story, 1000 sq ft cottage with no foundation and vinyl siding was demolished for $6,500.his averages out to about 5 dollars per square foot. A few more examples are outlined below. 1  Dallas, TX-A 900 sq ft wood home was demolished for a final cost of $3,000, which is about $3.30 per square ft. 2  Bayview, SC-A 1-story, 1000 sq ft cottage with no foundation and vinyl siding was demolished for $6,500.
Price sensitivity of a product refers to the level of importance buyers place on price relative to other purchasing criteria. Customers looking for top quality or service, for instance, are usually less price sensitive than economical bargain hunters. The level of sensitivity for a given product is known in economics as elasticity of demand.
A consumer facing inflation that occurs at the rate of 10% per year will able to buy 10% less goods at the end of the year if his or her income stays the same. Inflation can also be defined as a decline in the real purchasing power of the applicable currency. Consumer Price Index (CPI). The CPI represents prices paid by consumers (or households). Prices for a basket of goods are compiled for a certain base period. Price data for the same basket of goods is then collected on a monthly basis. This data is used to compare the prices for a particular month with the prices from a different time period.