Which of the following are examples of limited resources on the part of consumers?

A. product and space
B. money and product
C. time and money
D. space and time

Question

Mlgalbraith1960sidn Mlgalbraith1960sidn

22-07-2024
Business

Answered

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Which of the following are examples of limited resources on the part of consumers?

A. product and space
B. money and product
C. time and money
D. space and time

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-22T11:14:36-04:00

Final answer:

Consumers face scarcity of resources, such as time and money, leading to making trade-offs and decisions about their choices.

Explanation:

Limited resources for consumers include time and money. Consumers must make choices because these resources are scarce, leading to trade-offs between what they want and what they can afford. For example, choosing to spend money on a product means giving up the opportunity to spend it on something else.

Learn more about Limited Resources and Consumer Decision Making here:

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Sagot :

Final answer:

Explanation:

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