ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Producers can provide services or goods. Which statement describes the services that police officers provide?
A
Cooking for families
B
Protecting people
C
Making sweathers
D
Eating doughnuts
Explanation: 

Detailed explanation-1: -Market research tells producers what consumers want and what they’re willing to pay. Market research lets producers predict what laws the government is planning to make.

Detailed explanation-2: -Which best explains how consumers’ purchases influence the decisions of producers? Producers can figure out what consumers are willing to pay based on what they buy.

There is 1 question to complete.