What term do economists use to refer to the satisfaction that an individual expects to receive from consuming a good or service?
A) Utility.
B) Response.
C) Usability.
D) Demand.
E) Desirable.

Question

Quizplus · Accepted Answer

Economists refer to the satisfaction that an individual expects to receive from consuming a good or service as utility. Utility is a measure of the level of satisfaction or happiness that a consumer derives from the consumption of a particular good or service.

What Term Do Economists Use to Refer to the Satisfaction