Utility refers to the:
A) relationship of demand to the supply of a product.
B) satisfaction a consumer experiences after a good or service is purchased.
C) satisfaction a consumer expects to receive from a good or service.
D) ability of a good or a service to have value in the marketplace.
E) usefulness of the product consumed.

Question

Quizplus · Accepted Answer

Utility refers to the satisfaction a consumer expects to receive from a good or service.

Utility Refers to The