Question 37
MarketsThe need and ability to pay for a product is
- A.demand.
- B.supply.
- C.sales.
- D.transaction.
Show the answer and explanation
Answer: A (demand.)
Explanation
Demand is a need or want backed by the ability to pay.
The need and ability to pay for a product is
Answer: A (demand.)
Demand is a need or want backed by the ability to pay.