QuestionMay 25, 2025

Which of the following economic concepts directly connects supply and demand? Value Income Production utility

Which of the following economic concepts directly connects supply and demand? Value Income Production utility
Which of the following economic concepts directly connects supply and demand?
Value
Income
Production
utility

Solution
4.7(268 votes)

Answer

Value Explanation 1. Identify the concept connecting supply and demand The concept that directly connects supply and demand is **Value**. It represents the worth of a good or service, determined by the interaction of supply and demand in the market.

Explanation

1. Identify the concept connecting supply and demand<br /> The concept that directly connects supply and demand is **Value**. It represents the worth of a good or service, determined by the interaction of supply and demand in the market.
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