Question

Market demand schedules help consumers decide how much of an item to produce. TRUE FALSE

Answer 1

Answer:

False

Explanation:

The production of an item is not going through the consumers, but instead through the producers. The consumers are the ones that buy the products, while the producers are the ones that produce the products. In order to know how much should they produce, the producers rely on the market demand schedules. Through them, the producers are aware of how much is demanded, so that they can produce the right amount, and not come in a situation to have less products on the market, or too much products on the market.