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Izzy122 Izzy122
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5 years ago

Question 1.

In economics, "demand" refers to

• how much of a good people will buy at any price during a given time period.

• the minimum amount of a good people need to survive.

• the satisfaction a good will provide a person.

• what people need instead of want without paying for it.

Question 2.

The concept of "demand" in economics refers to

• changes in people's consumption behavior over time.

• the different quantities of a good or service people will buy at different possible prices.

• the different types of goods and services that people of different income levels want to buy.

• how changes in the prices of all goods affect people's buying behavior.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wasanwasan
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5 years ago
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Izzy122 Author
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5 years ago
This site is awesome
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Helped a lot
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this is exactly what I needed
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