The term consumer sovereignty refers


The term consumer sovereignty refers to...

(a) the idea that the consumers try to maximize their expenditures

(b) the fact that consumers choices are limited to what the producers decide to produce

(c) the idea that the desires of both producers and the government ultimately determine what is produced

(d) a situation in which the government decides what is produced

(e) the idea that consumers ultimately determine what is produced

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Business Economics: The term consumer sovereignty refers
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