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Q: In 1 or 2 sentences, explain how consumers affect which goods and services are produced.
A: By explaining how consumer became affected on good and products to produce can be measure as: supply and demand. [ If more people want it, it is in greater demand thus the price is more; if less people want it, the opposite is true. For economists, consumer interest in a good is broader and less reliable than actual demand for that good. People might have a vague interest in a good but neither
the ability nor the willingness to actually purchase it at a specific price. If more people want it, it is in greater demand thus the price is more; if less people want it, the opposite is true. ]
emdjay23|Points 1138|
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Asked 4/15/2013 12:13:00 PM
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