This is the willingness and the ability of a consumer to buy goods and services to satisfy their needs and wants.______________________The amount of goods and services that can be made available for people to buy.__________________Goods that are bought to be used such as clothes, furniture and cars. _________________These are goods/ services that we need in order to survive. ______________________These are goods that are used to make other goods. ___________________

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Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter2: The One Lesson Of Business

Section: Chapter Questions

Problem 1MC: An individual’s value for a good or service is the amount of money he or she used to pay for a...

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This is the willingness and the ability of a consumer to buy goods and services to satisfy their needs and wants.______________________
The amount of goods and services that can be made available for people to buy.__________________
Goods that are bought to be used such as clothes, furniture and cars. _________________
These are goods/ services that we need in order to survive. ______________________
These are goods that are used to make other goods. ___________________

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