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WAEC Marketing 2016 Question 28

Question 28

Markets

In marketing, demand means what the family

  1. A.needs.
  2. B.wants.
  3. C.can sell.
  4. D.can afford.
Show the answer and explanation

Answer: D (can afford.)

Explanation

Demand is the quantity people are willing and able to buy, so it depends on what they can afford.