In a Market System,which of the Following Factors Determines a Consumers's

question 36

Multiple Choice

In a market system,which of the following factors determines a consumers's ability to pay for a good or service?

• A)Technology
• B)Consumer's income
• C)Cost of production
• D)Consumer's wants
• E)Market supply

---

Definitions:

Individual Contributions

The unique inputs or efforts provided by each person within a group or organization, contributing to the achievement of collective goals or outcomes.

Cooperative Behaviors

Actions that involve working together in a supportive manner to achieve a common or mutual benefit.

Work Teams

Groups of individuals working collaboratively towards a common goal, leveraging diverse skills and expertise for collective success.

Competitive Behaviors

Actions undertaken by individuals or groups aimed at outperforming others to achieve their objectives, often in a competitive environment or platform.