The possible goods and services a consumer can afford to consume represents the:
A) consumer behavior.
B) consumer preferences.
C) consumer status.
D) consumer opportunities.

Question

Quizplus · Accepted Answer

The possible goods and services a consumer can afford to consume represents the consumer opportunities, which are influenced by factors such as income, price levels, and availability of credit. Consumer behavior refers to the actions and decisions made by consumers when purchasing goods and services. Consumer preferences refer to the subjective likes and dislikes of consumers towards goods and services. Consumer status refers to the social and economic position of consumers in society.

The Possible Goods and Services a Consumer Can Afford to Consume