Consumer sovereignty and "dollar votes" are most related to which fundamental question about a competitive market system?
A) What goods and services will be produced?
B) How will the goods and services be produced?
C) How will the system promote progress?
D) Who will get the goods and services?

Question

Quizplus · Accepted Answer

Consumer sovereignty refers to the idea that consumers ultimately determine what goods and services will be produced through their choices in the marketplace. "Dollar votes" refers to the idea that consumers vote with their wallets when they make purchasing decisions, indicating their preferences and influencing which products will be successful in the market. Therefore, these concepts are related to the question of what goods and services will be produced in a competitive market system.

Consumer Sovereignty and "Dollar Votes" Are Most Related to Which