1.consumer
a.user b.buyer c.producer d.dealer
2. scarcity means
a.limited b. unlimited c.inflation d.deflation
3.supply means
a.material needed for production
b.materials for sale
c.materials to be used
d.all of the above
4.demand means
a.consumers desire
b.consumers income
c.consumrs priority
d. all of the above
a.user b.buyer c.producer d.dealer
2. scarcity means
a.limited b. unlimited c.inflation d.deflation
3.supply means
a.material needed for production
b.materials for sale
c.materials to be used
d.all of the above
4.demand means
a.consumers desire
b.consumers income
c.consumrs priority
d. all of the above
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Answer:
1. B
2.A
3.B
4.A
Explanation:
1. Consumer is the one who buy goods or recieved services.
2. Scarcity means limited. Both words are synonymous and pertained to the lackness of something, in this case it may pertains to limited supply of raw materials or limited supply of goods in the market.
3.Supply means the product for sale or the availability of products in one particular area or market.
4. Demand means desire. These words both means the needs and wants of consumers.