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5.01 Quiz
POBF
Question | Answer |
---|---|
Which situations would cause prices to rise? | Insects destroy a large cotton crop |
A business that begins selling winter holiday decorations in late autumn is creating what type of utility? | Time |
Which is an external factor that affects market price? | consumer buying power |
when prices increase, producers usually: | increase supply |
which is a natural resource that can be renewed through people's efforts? | trees |
a killing frost destroys 80% of florida's citrus crop. this will most likely create: | a seller's market |
which group of words best describes wants? | unlimited, changing, and competing, |
the usefulness of a product to consumers is referred to as a product: | utility |
a local dry cleaner that also launders and presses shirts is selling | consumer services |