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Demand means the quantity of products and services that consumers are willing and able to buy at a particular price.
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
Competition helps keep prices at a reasonable level.
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
Which of the following is NOT true about prices?
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
The consumer role, making decisions about what to buy, is performed only by individuals and businesses.
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
Success in your role as a worker will affect your standard of living.
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
When you pay your taxes, you are performing your citizen role.
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
The factor that helps to keep prices at a reasonable level is
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
Competition affects prices but does not have any other effects.
False
competition among businesses
True
Setting a price does not require any study by a business
True
True
True
False
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