In a market system, the distribution of goods and services among consumers is largely determined by
A)the willingness and ability of consumers to pay the prices.
B)whoever needs the goods and services the most.
C)whoever has the closest connection to firms and the government.
D)a random factor that is almost impossible to predict.

Question

Quizplus · Accepted Answer

The distribution of goods and services in a market system is primarily determined by the willingness and ability of consumers to pay for them. This reflects the basic principle of supply and demand, where prices adjust based on consumers' purchasing behavior.

In a Market System, the Distribution of Goods and Services