0
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
Updated: 8/22/2023
Dieqo
Lvl 1
∙ 15y agoBest Answer
A circular flow of influences
Wiki User
∙ 15y agoThis answer is:
Add your answer:
Earn +20 ptsQ: Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
Consumers influence the decisions of producers in which of the following ways?
Through the purchasing decisions they make
Consumers influence the decisions of producers in which of the following way?
through the purchasing decisions they make
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Which of the following best demonstrates the way consumers and producers influence each other in the free market system?
A circular model
Related questions
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
Consumers influence the decisions of producers in which of the following ways?
Through the purchasing decisions they make
Consumers influence the decisions of producers in which of the following way?
through the purchasing decisions they make
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Which of the following best demonstrates the way consumers and producers influence each other in the free market system?
A circular model
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
What is something consumers do to influence producers?
Is by demanding the product
What best explains how consumers purchase influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
In economics workers are both producers and which of the following?
Consumers
In economics workers are both producers and which the following?
Consumers
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.