On the "demand side" of a market,consumers indicate to producers 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 through their willingness to purchase goods or services at certain prices and in certain quantities. Producers then respond to this demand by setting prices and producing the goods or services that consumers are demanding.

On the "Demand Side" of a Market,consumers Indicate to Producers