Question

Why is there such a wide variety of desired goods and services in a market?

Answer 1

- people can make money by developing new and better products to compete with existing ones.

- Think about consumer sovereignty

Answer 2

Suppose that you are a bicycle producer. In 2 or 3 sentences, explain why you are willing to supply the most bicycles at the highest price

Answer 3

Suppose that you are a bicycle producer. In 2 or 3 sentences, explain why you are willing to supply the most bicycles at the highest price. You must use your imaganation to answer this in your own words.

Answer 4

Men