Ask Question
BusinessBusiness
8 September, 23:46

Select the correct answer. What is the consumer's ability and desire to buy goods and services called? A. supply B. demand C. equilibrium

+3
Answers (1)
  1. 9 September, 00:07
    0
    The correct answer is B, Demand.

    Demand is the consumers' ability and desire to buy good and services.

    Demand is the consumer's willingness to buy good or service by paying money for that. When people want to buy something by paying for it, it means they are demanding that product or service.

    It is the basic concept in economics that when demand for a product or service increases, the price of that products also increases. Similarly, when demand of a product or service decreases, the price of that product or service also decreases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Select the correct answer. What is the consumer's ability and desire to buy goods and services called? A. supply B. demand C. equilibrium ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What are the major determinants of output and employment in the classical system? what role does aggregate demand have in determining output and employment?
Answers (1)
How do you make a deposit form?
Answers (1)
Each week, radio reaches about what percentage of all adults and teenagers? 94 percent, 91 percent
Answers (1)
Action learning uses challenging, structured outdoor activities, which include difficult sports. A. TrueB. false
Answers (1)
On July 1, Orcas Lab issued a $100,000, 12%, 8-month note. Interest is payable at maturity. What is the amount of interest expense that should be recorded in a year-end adjusting entry if the fiscal year-end is (a) December 31? (b) September 30?
Answers (1)
New Questions in Business
Actionable performance measures should be meaningful to a company's management and should provide the basis for decisions at the strategic level in an organization. A. True B. False
Answers (1)
In what countries is it important to keep a certain distance from the person you are greeting?
Answers (1)
If a company is using the accrual basis accounting method, when should it record its earned revenue? a. when cash is received, even though services may be rendered at a later date b.
Answers (1)
The primary difference between a podcast and a webinar is : Group of answer choices podcasts require more preparation. a webinar is akin to an online radio show. webinars are easier to optimize for search engines.
Answers (1)
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account Bank Statement Balance as of 6/30/2018 $1,918 $3,000 Deposit in transit 600 Outstanding checks (1,507) Note collected by bank 2,000 Bank service charge (25) NSF
Answers (1)
Home » Business » Select the correct answer. What is the consumer's ability and desire to buy goods and services called? A. supply B. demand C. equilibrium
Sign Up Forgot Password?