Price Is the _____________ a Consumer Is Willing to Make

question 2

Multiple Choice

Price is the _____________ a consumer is willing to make to acquire a specific product or service.

• A) amount of money
• B) overall sacrifice
• C) fixed cost
• D) target return
• E) variable cost

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Definitions:

Freedom

The condition or right of being able to act, speak, or think as one wants without hindrance or restraint, fundamental to democratic societies.

Historical Significance

The importance or impact of an event, idea, or person in history and how it has contributed to or altered the course of human society.

The Amistad

A historical event in 1839 involving a successful revolt by enslaved Africans on the Spanish schooner La Amistad.

Historical Significance

The importance of an event, person, or place based on its impact on history.