1.5 Things such as copper, tea, which are traded in bulk are known as __ A Commodities B Raw materials C Capital goods D Intermediate goods 1.6 Consumption __ utilities A Creates B Absorbs C Extends D Ignore 7 Wholesale markets A Link producers and retailers B Enable people to buy in bulk C Link consumers and retailers D Enable consumers to negotiate the prices of services

1.5 The correct answer is A) Commodities. Commodities are raw materials or primary agricultural products that can be bought and sold, such as copper and tea. They are often traded in bulk and are considered basic goods that are interchangeable with other goods of the same type.<br /><br />1.6 The correct answer is B) Absorbs. Consumption absorbs utilities. In economics, utility refers to the satisfaction or pleasure that a consumer receives from consuming a good or service. Consumption is the process of using up or exhausting the utility of a good or service.<br /><br />7 The correct answer is A) Link producers and retailers. Wholesale markets are platforms where producers or manufacturers sell their products in large quantities to retailers or other businesses. They serve as a link between producers and retailers, allowing for the bulk purchase and distribution of goods.