The term dollar votes in a market system means
A) inﬂation will occur if consumers don't spend wisely.
B) voters may be offered dollars to help elect certain political candidates.
C) government is responsible for determining what will be considered legal tender.
D) consumers "vote" for certain products to be produced by how they spend their incomes.

Question

Quizplus · Accepted Answer

Dollar votes in a market system mean that consumers vote for certain products to be produced by how they spend their incomes. In other words, the demand for a certain product can determine whether or not it continues to be produced.

The Term Dollar Votes in a Market System Means