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The Term Consumer Sovereignty Means That? - Erudites Academy

The term consumer sovereignty means that?

by | Mar 15 | Commerce WAEC | 0 comments

A. seller is the king
B. product is supreme
C. buyer is the king
D. producer is the king

Correct Answer: Option C

C. buyer is the king

Explanation

Consumer sovereignty; is the situation in an economy where the desires and needs of consumers control the output of producers.

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