Question 1
MarketsThe desire for an item backed with the ability to pay is
- A.demand
- B.want
- C.exchange
- D.need
Show the answer and explanation
Answer: A (demand)
Explanation
Demand is a desire backed by the ability to pay.
The desire for an item backed with the ability to pay is
Answer: A (demand)
Demand is a desire backed by the ability to pay.