0
Politicians rely on the votes of consumers to keep them in office.
What else can I help you with?
Why do consumers have influence over politicians?
Politicians rely on the votes of consumers to keep them in office.
In a perfectly competitive market individual consumers have .?
no influence over determining price
In a perfectly competitive market, individual consumers have _____.?
no influence over determining price
Why do costomers have influence over politicians?
Politicians rely on the votes of consumers to keep them in office.
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
Name two factors that influence a consumers needs and wants?
Two factors that could influence a consumers needs and wants could be their peers or advertising.
What is something consumers do to influence producers?
Is by demanding the product
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
What best explains how consumers purchase influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
Consumers over what age tend to spend there savings?
In most cases, consumers over the age of 65 tend to spend their savings. Most consumers start saving when they are over 30 years.
In a competitive market, how does the presence of multiple producers ensure that no single producer can influence the market price?
In a competitive market with multiple producers, no single producer can influence the market price because consumers have more options to choose from. This prevents any one producer from having enough control over the market to set prices higher than what consumers are willing to pay.
