the term consumer sovereignty refers to a the idea that the

the term consumer sovereignty refers to...

(a) the idea that the consumers try to maximize their expenditures

(b)the fact that consumers choices are limitied to what the producers decide to produce

(c)the idea that the desires of both producers and the government ultimetely determine what is produced

(d) a situation in which the government deciedes what is produced

(e) the idea that consumers ultimeltely determine what is produced

Solution

Consumer sovereignty is the idea that consumer choices control the output of producers.

Answer is (e).