Gutenberg Developed the Printing Press in the Fifteenth Century

question 64

True/False

Gutenberg developed the printing press in the fifteenth century.

---

Definitions:

Income

Money that an individual or business receives, typically as payment for goods or services or through investments.

Consumer Equilibrium

Consumer Equilibrium is the state where a consumer has balanced their expenditures across different goods to maximize total utility given their budget constraint.

Utility

In economics, the satisfaction or benefit derived from consuming a product or service.

Consumer Equilibrium

The point at which the amount of a product demanded by consumers equals the amount supplied, leading to a stable market price.