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How can someone be a consumer and a producer of a good or a service?
Wiki User
∙ 11y ago
An example would be a baker that receives flour from the miller (consumer) and then makes bread from it and sells it (producer)
Wiki User
∙ 11y ago
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A producer is someone who buys a good or service?
false
What is the difference between consumer and producer in economics?
The producer supplies good and services and the consumer demands them.
When a consumer is able willing to buy a good or service he or she creates what?
When a consumer is able and willing to buy a good or service he or she creates a demand.
What happens to consumer and producer surplus when the sale of a good is taxed?
They both decrease.
Who determines the demand for a good or service?
The consumer.
A producer is someone who buys a good or service?
false
What is the difference between consumer and producer in economics?
The producer supplies good and services and the consumer demands them.
When a consumer is able willing to buy a good or service he or she creates what?
When a consumer is able and willing to buy a good or service he or she creates a demand.
What happens to consumer and producer surplus when the sale of a good is taxed?
They both decrease.
What happens to consumer and producer surplus when the sale of a good taxed?
They both decrease.
Who determines the demand for a good or service?
The consumer.
What two things are necessary for a consumer to have demand for a good or service?
The desire for a good or service with the ability to pay for it.
How is possible for a good to be both a capital good and a consumer good?
A service buys another service's goods and sells it to people.
How is it possible for a good to be both a capital good and a consumer good?
A service buys another service's goods and sells it to people.
What is the role of a primary producer?
primary producer is the individual or buiness that takes raw materials and converts it into a usable good for consumer use.
Is a Carnivorous Caddis a producer or consumer?
Consumer,I guess.They eat other stuff,so yes.Thats a Very good question........
What is the amount of a good or service that an individual or producer is offering for sale?
supply
