The answer to "Who will get the output?" is based on:
A)ability to pay.
B)willingness to pay.
C)the ability and willingness of consumers to pay for the output.
D)a first-come, first-served basis.

Question

Quizplus · Accepted Answer

The ability and willingness of consumers to pay for the output determines who will get the output. This is because in a market economy, goods and services are allocated based on the principle of demand and supply. The consumers who are willing and able to pay the market price for the output will get the product, while those who cannot afford it will not.

The Answer to "Who Will Get the Output?" Is Based