Carlito's considering the purchase of a new lawnmower for his home. he has a few option in mind and begin evaluating them in terms of price warranty and service. these components can be best described as part of the 1 speciality Future
2 value package
3 products part
4 shopping offering
5 brand Capitol

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Suppose the price of a complement to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs?

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.