9.
What is a person or business that makes and sells goods or services called?
Demand
Supply
Consumer
Producer
Producer
A person or business that makes and sells goods or services is called a producer.
The correct answer to this question is producer. A producer is an individual or a business that creates or manufactures goods or provides services for sale. They play a key role in the economy as they supply the goods and services that fulfill the demands of consumers.
To find the answer to this question, you can start by understanding the definitions of the terms provided. Demand refers to the desire or need for a particular good or service by consumers. Supply, on the other hand, represents the quantity of a product or service that is available to be purchased. A consumer is an individual or organization that purchases goods or services for personal use.
By comparing the definitions of these terms, we can determine that the correct answer is producer, as it specifically refers to the entity involved in making and selling goods or services.
In summary, a person or business that makes and sells goods or services is known as a producer.