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In order to know what people want to buy and how much they're w…

  • Question 2b of 25 - Economic roles

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: In order to know what people want to buy and how much they're willing to pay, producers pay attention to which of the following?
  • Answers:
  1. Economic indicators.
  2. Socialist planning.
  3. Resource allocations.
  4. Consumers' purchases.

The correct answer is: Consumers' purchases. Consumers show the producers what they're willing to buy and the price they're willing to pay by the purchases they make.

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