The term "consumer sovereignty" means

A) consumers have freedom of choice.

B) there are many independently acting consumers in society.

C) consumer choices ultimately determine which goods and services are produced.

D) firms' choices are constrained by the government through consumer voting blocs.

Question

Gould

15 September, 11:06

+4

Answers (2)

Know the Answer?

Slade · Answer 1

C. consumer choice ultimately determine which goods and services are produced

Tucker Walls · Answer 2

The answer is C. Is the assertion that consumer preferences determine the production of goods and services. Same answer.

The term "consumer sovereignty" meansA) consumers have freedom of choice.B) there are many independently acting consumers in society.C) consumer choices ultimately determine which goods and services are produced.D) firms' choices are constrained by the government through consumer voting blocs.