17
QuizMultiple Choice

The Law of Demand

Question 17 • 25-26 TX-Economics CR

One of the three economic questions deals with deciding

Answer
A
what goods and services should be produced.
B
what the costs of production should be.
C
how goods and services will be marketed.
D
how consumers will receive products.

Explanation

One of the three basic economic questions is what goods and services should be produced. The other two ask how they should be produced and who should receive them. Decisions about production costs, marketing, or delivery may matter, but they are not the basic question asked here.

AI-written and checked against the verified answer.

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