To distinguish those combinations of goods and services that are affordable from those that are not, households need information on: A. household income, wealth, and product prices. B. household expectations about future income, wealth, and prices. C. household income and only the price of the good for which the choice is being made. D. household tastes and preferences.

Question

Isaiah

Business

2 September, 03:06

To distinguish those combinations of goods and services that are affordable from those that are not, households need information on: A. household income, wealth, and product prices. B. household expectations about future income, wealth, and prices. C. household income and only the price of the good for which the choice is being made. D. household tastes and preferences.

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Answers (2)

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Weston Jennings · Answer 1

The answer is A, household income, wealth and product price.

Explanation:

This simply indicates that to be able to identify the combination of goods and services that are affordable from those that are not, the current household income should be considered, the wealth of the household which refers to the current amount of money in the household account and the price of the product.

Delilah Cunningham · Answer 2

Answer:A - household income, wealth, and product prices.

Explanation:Every household has a need and those needs has a high degree of being met. For those needs to be met, every household needs to distinguish the combination of the type of goods and services that will satisfy there needs.

After distinguishing these needs, the total house hold income, the prices of the goods and services they need and how wealthy they are is very important for them to make a good decision.

The type of goods and services is now subject to how affordable they are and how the household income and wealth can sustain them. The prices of these goods and services will also be noted.