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

3 January, 18:30

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Answers (2)

Know the Answer?

Carlos Sheppard · Answer 1

The answer is C. Is the assertion that consumer preferences determine the production of goods and services. Same answer.

Jeremy Peters · Answer 2

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

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.