answersLogoWhite

0

Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

Consumers who are willing and able to purchase a product or service create an economic situation referred to as which of the following?

demand


Consumers who are willing and able to purchase a product of service create an economic situation referred to as what?

demandconsumption


Consumer who are willing and able to purchases a product or service create an economic situation referred to as which of the following?

demand


What are consumers also called?

Consumers are also referred to as buyers or customers. They are individuals who purchase goods or services for personal use or consumption.


Consumers such as foxes can also be referred to as?

Carnivores


What is a plummet?

The meaning of the word plummet refers to Drop Sharply. For Example :- At this situation of economic crisis , the market is plummeting day by day. It can also be referred as declining. nisha


Laboratory tests provided to individual consumers on request are referred to as?

Labs


Why are periwinkles referred to as primary consumers?

because they feed on producers such as algae.


What is the sociological term for a middle class parent who can afford things a working class parent can't?

This situation can be referred to as "economic privilege" or "class advantage". It highlights the disparities in resources and opportunities that exist between individuals of different socio-economic backgrounds.


What is an individual's location in the economic sphere referred to as?

Social class is an individual's location in the economic sphere.


Why are the consumers who make up the target market for a product referred to as potential customers?

because market


Why are the consumers who make up the target market for a product referred to as potential customer?

because market