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5.01 Quiz

POBF

QuestionAnswer
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
Created by: Christinacruz13
 

 



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