📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Demand is an economic principle referring to a

      consumer's desire to purchase goods and services:
      A at each possible price Correct Answer Incorrect Answer
      B in each market situation Correct Answer Incorrect Answer
      C in desired quantities Correct Answer Incorrect Answer
      D after assurance of quality Correct Answer Incorrect Answer

      Solution

      Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them. An increase in the price of a good or service tends to decrease the quantity demanded.

      Practice Next
      ask-question