Responses
Consumers’ needs and wants dictate what goods and services producers provide.
Consumers’ needs and wants dictate what goods and services producers provide.
Influence of consumers over government rules regulate the marketplace.
Influence of consumers over government rules regulate the marketplace.
Consumers dictate the prices of goods and services.
Consumers dictate the prices of goods and services.
Conditions where buyers and sellers are willingly engaging in market transactions.
1 answer
The true statement about consumer sovereignty is:
Consumers’ needs and wants dictate what goods and services producers provide.
Consumer sovereignty refers to the idea that consumers' preferences and demand shape the production and supply of goods and services in a market economy.
