The term dollar votes in a market system means:
A) Inflation will occur if consumers don't spend wisely
B) Voters may be offered dollars to help elect certain political candidates
C) Government is responsible for determining what will be considered legal tender
D) Consumers "vote" for certain products to be produced by how they spend their incomes

Question

Quizplus · Accepted Answer

Dollar votes in a market system refer to the concept that consumers "vote" for certain products to be produced by how they spend their incomes. In other words, the products that consumers choose to purchase are seen as a reflection of their preferences and values, and producers will respond to these preferences by producing more of the goods that consumers demand.

The Term Dollar Votes in a Market System Means