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earnstyle [38]
3 years ago
13

Which is true regarding consumer sovereignty? it allows businesses to take advantage of consumers. it can be lost when monopolie

s are allowed to exist. it is only present when there is perfect competition. it creates competition between buyers and sellers?
Business
1 answer:
Stels [109]3 years ago
5 0

<span>Consumer sovereignty creates competition between buyers and sellers.<span> The term is coined by William Harold Hutt in his book Economists and the Public. It is the affirmation that </span>consumer preferences determine the production of goods and services. The consumer is treated as the king the of the market. </span>




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concord corporation purchased a new machine on may 1, 2012 for $559200. at the time of acquisition, the machine was estimated to
Gre4nikov [31]

Answer:

$17,160

Explanation:

According to the scenario, computation of the given data are as follows,

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Useful life = 10 years or 120 months

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Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of?
gayaneshka [121]
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Read 2 more answers
A farmer grows wheat, which she sells to a miller for $90. The miller turns the wheat into flour, which she sells to a baker for
Paha777 [63]

Answer:

The correct answer is "$155".

Explanation:

Given:

She sells to miller,

= $90

She sells to baker,

= $145

She sells to consumers,

= $155

Now,

The value added by miller will be:

= 145-90

= 55 ($)

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= 155-145

= 10 ($)

hence,

The GDP in this economy will be:

= 155 ($)

5 0
3 years ago
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