Who or what determines what goods and services are sold?(1 point)
Responses
producers
producers
the market
the market
consumers
consumers
the supply
and demand of the market
the supply and demand of the market
That would be consumers I suppose. They are the demanders.
Yes, consumers ultimately determine what goods and services are sold based on their purchasing behavior and demand for certain products or services. Producers and the market also play a role, but ultimately it is the consumers who have the power to dictate what goods and services are produced and sold.
The correct answer is "producers" and "the market."
Producers, such as businesses and corporations, play a significant role in determining what goods and services are sold. They analyze market trends, conduct market research, and develop products and services based on consumer demands and preferences. Producers are responsible for manufacturing, distributing, and marketing their goods or services to capture consumer interest.
However, the market also plays a crucial role in determining what goods and services are sold. The market refers to the overall demand and supply dynamics, influenced by consumer preferences, purchasing power, and market forces. If consumers show a high demand for certain goods or services, producers are more likely to focus on supplying them to meet consumer demands and maximize profitability.
In summary, producers analyze consumer preferences and market trends to determine what goods and services to produce. The market, driven by consumer demands and market dynamics, further shapes the availability and variety of goods and services that are sold.