Consumer sovereignty means that:

Name: Consumer sovereignty means that:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumer sovereignty is the idea that consumers ultimately dictate what goods and services are produced by expressing their preferences through the purchases they make. This is achieved through the interaction of supply and demand, where producers supply what is demanded by consumers. Therefore, all of the given choices (A, B, and C) are correct statements that contribute to the concept of consumer sovereignty.

Consumer Sovereignty Means That