In our economy, people have the freedom to buy or not buy the goods offered in the

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In our economy, people have the freedom to buy or not buy the goods offered in the marketplace, and this freedom to choose what they want to buy dictates what producers will ultimately produce.

The key term defining this condition is

a. economic power of choice.

b. consumer sovereignty.

c. ultimate producer sovereignty.

d. political economy.

e. positive economics.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 11, 2024 07:03 AM

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In our economy, people have the freedom to buy or not buy the goods offered in the

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Principles Of Microeconomics

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