1.The goal of the consumer in a market economy is to use his orher limited income to buy:

a.The goods and services that maximize profits forbusinesses.

b.The set of goods and services that maximizes the consumer'stotal utility.

c.The greatest number of goods and services possible.

d.Those goods and services with the lowest prices.

2.Name one of the two variables that supply and demand curvesmeasure __________.

Is the answer price?

3.An increase in price will shift the demand curve to theleft.

True or False

Answer rating: 100% (QA)

1 Answer bThe set of goods and services that maximizes the consumers total utility Explanation In a ... View the full answer