Question 17
MarketsUse the following information to answer questions 16, 17 and 18.
Mr. Adams was hungry and paid for a plate of food which he ordered from Kemi, an online food vendor.
His ability to pay for the food is
- A.exchange
- B.transaction
- C.demand
- D.want
Show the answer and explanation
Answer: C (demand)
Explanation
A want backed by ability to pay is demand.