On the "demand side" of a market, consumers indicate what they are willing to buy, in what quantity and at what price.

Question

Quizplus · Accepted Answer

This statement is true. On the demand side of a market, consumers express their preferences by indicating what they are willing to purchase, how much of it they want to buy, and at what price. This information helps businesses and producers make decisions about what goods or services to produce and at what price.

On the "Demand Side" of a Market, Consumers Indicate What