The idea that consumers rule the market
a. capitalism
b. consumer sovereignty
c. private property rights
d. "the customer is never right"
Answer: b. consumer sovereignty
Economics
You might also like to view...
According to Keynesians and monetarists, in the short-run, what happens to the aggregate price level when the money supply increases?
a) The aggregate price level falls. b) The aggregate price level rises. c) The aggregate price level falls and then rises. d) The aggregate price level does not change.
Economics
What is one reason consumers might demand a discount for quantity purchases?
A) higher storage costs B) lower marginal cost C) lower marginal benefit D) price gouging
Economics