What is the primary role of consumers and domestic producers in a market economy?
a) Consumers dictate government policies through their purchasing power
b) They interact to determine the equilibrium price and quantity of goods and services
c) Producers set consumer preferences based on market trends
d) Consumers and producers collaborate to maximize government revenue

Question

13-07-2024
Business

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What is the primary role of consumers and domestic producers in a market economy?
a) Consumers dictate government policies through their purchasing power
b) They interact to determine the equilibrium price and quantity of goods and services
c) Producers set consumer preferences based on market trends
d) Consumers and producers collaborate to maximize government revenue

Sagot :

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