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Economists look at any situation in terms of its component parts: the people making decisions, the...

Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged.

For example, think about a wedding celebration. Which of the following wedding-related items are services? Check all that apply.

a. Having a wedding gown altered

b. Flowers for a wedding reception

c. The food at the reception

d. Getting your hair done for a wedding

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Answer #1

Ans) the correct option are : a. Having a wedding gown altered

d. Getting your hair done for a wedding

Alteration and a hair cut will be considered as services

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