In microeconomics, consumers create demand for which of the following?

• A. Government regulation in product markets
• B. Production technology used by firms
• C. Labor supplied by households
• D. Goods and services

Answer: (D)

Verified step by step guidance

1. Understand the concept of consumer demand in microeconomics: Consumers create demand by deciding how much of various goods and services they want to purchase at different prices.
2. Recognize that government regulation in product markets is a factor that can influence supply or market conditions, but it is not directly created by consumers.
3. Identify that production technology used by firms affects how goods and services are produced, but it is not a form of demand created by consumers.
4. Note that labor supplied by households is a factor of production, representing supply in the labor market, not consumer demand.
5. Conclude that consumers create demand specifically for goods and services, as these are the items they seek to buy and consume.