ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these Statements Describes a producer?
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The two girls shopping at the mall
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Janet’s mom bought her a winter coat
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Candy made scarfs out of the yarn
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Micky ate the cotton candy
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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: -In economics, workers are producers.
Detailed explanation-3: -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.