The goal of the consumer in a market economy is to use his or her limited income to buy
A. The goods and services that maximize profits for businesses.
B. The greatest number of goods and services possible.
C. The set of goods and services that maximizes the consumer's total utility.
D. Those goods and services with the lowest prices.
Answer: C
Economics
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If sellers expect higher basket prices in the near future, the current
a. supply of baskets will increase. b. supply of baskets will decrease. c. supply of baskets will be unaffected. d. demand for baskets will decrease.
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