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Which of the followings results in an increase in the standard of living?
income increases, enabling consumers to buy more goods and services
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
Who uses goods and services?
consumers
People who buy goods and services are called?
Consumers
Who provides the goods and services available to consumers?
Producers
Who will get the goods and services?
consumers
When the price of a capital good increases what happens to the prices of related consumers goods and services?
Prices increase due to the increase in production costs.
Which of the followings results in an increase in the standard of living?
income increases, enabling consumers to buy more goods and services
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
Who uses goods and services?
consumers
People who buy goods and services are called?
Consumers
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
What the cause of demand pull inflation?
Consumers want more and more goods and services. Stronger consumer demand for goods with a limited or fixed supply. A price level increase due to an increase in aggregate demand.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
Who provides the goods and services available to consumers?
Producers
What satisfaction do consumers get from the goods and services they purchase?
Utility.
Why do businesses might want to create demand?
Its Simple! When Businesses Will Create Demand, Consumers Will purchase their Goods Or Services; In Result, Their Will Increase Their Sales & Profit.
