in 2-3 sentences tell me Piper and her mother go to the store to buy some groceries to meet their family’s needs. Afterward, Piper has to go to the dentist to get her teeth cleaned. What is the relationship between goods, services, producers, and consumers in this scenario? What are the goods? What are the services? Who are the producers and consumers?

1 answer

In this scenario, the groceries purchased by Piper and her mother represent goods, while the dental cleaning provided by the dentist is a service. The producers of the groceries are the farmers and manufacturers who supply the food, while the dentist and their team provide the dental service. Piper and her mother are the consumers, as they are purchasing these goods and services to meet their family's needs.