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

Apple

18 May, 07:13

+4

Answers (2)

Know the Answer?

Yahir Salas · Answer 1

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

Devon Castillo · 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.