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Finance 13 Online
payton:

Producers and consumers a. are not affected by inflation b. can be geographically far apart c. must do business in the same place d. do not need to market their products

thatgirlcrazy:

well it's not a because inflimation reduces the purchasing power of consumers

payton:

i was thinking b

payton:

am i wrong?

thatgirlcrazy:

no your right I believe give me a min

payton:

okay

thatgirlcrazy:

so I can tell u it's not d because Competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy

payton:

so b

thatgirlcrazy:

and it's not c bc Producers create, or produce, goods and provide services, and consumers buy those goods and services with money. yes b

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