In a market economy,consumer purchases depend on their

Name: In a market economy,consumer purchases depend on their
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

In a market economy, consumer purchases depend on their income, tastes, and the prices in the market. Consumers make decisions based on their budget constraints, preferences, and the prices of the goods and services they want to purchase. This influences the demand for goods and services and the behavior of producers who respond to market signals.

In a Market Economy,consumer Purchases Depend on Their