Price Allocates Goods and Services Among Those Who Are Willing

question 7

True/False

Price allocates goods and services among those who are willing and able to pay for them.

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Definitions:

Disposal Cost

Expenses associated with getting rid of waste materials or unwanted products.

Corporate Responsibility

An approach by businesses to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.

Plastic Straws

Thin tubes made of plastic intended for transferring liquids from a container to the mouth of a person; associated with environmental concerns.

Raw Materials

The basic substances from which products are manufactured or made.