Which of these statements about demand is true? Demand is the seller's ability and desire to buy goods and services. Demand is the consumer's ability and desire to buy goods and services. Demand is the seller's ability and desire to sell goods and services.

Question

Mathematics

Alessandro Mullen

22 July, 20:37

Which of these statements about demand is true? Demand is the seller's ability and desire to buy goods and services. Demand is the consumer's ability and desire to buy goods and services. Demand is the seller's ability and desire to sell goods and services.

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Answers (1)

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Tiana Huffman · Answer 1

Demand is the consumer's ability and desire to buy goods and services.

Step-by-step explanation:

The demand is when you are asking for a product.

Thus, it has to come from the buyer's/consumer's side ... not the seller's/producer's side.

The consumer demands a product, the producteur offers a product. The two other answers implicate the seller, so they are automatically eliminated.

The market establishes the price depending on the demand and offer ratio.