When Economists Study the Behavior of Buyers, They Are Studying

question 17

Multiple Choice

When economists study the behavior of buyers, they are studying:

• A) supply.
• B) the role of government.
• C) demand.
• D) psychology.

---

Definitions:

Preassembled

Refers to components or items that are assembled at the manufacturing point before being shipped to the customer or end-use location.

Product

Any good or service that can be offered to a market to satisfy a want or need, including physical items, services, and digital goods.

Waiver Of Warranty Rights

An agreement to relinquish one's legal rights to hold a seller accountable for defects in goods or property.

Statute Of Limitations

is a law prescribing the time limit within which legal action must be commenced for alleged breaches of law or rights.