In economics, "demand" refers to
A) the intensity of desire for a good.
B) the amount of a good people need rather than the amount they want.
C) the satisfaction a good will provide a person.
D) how much of a good people will buy at any price during a given time period.
D
You might also like to view...
On May 12, 2011, the U.S. dollar was worth 0.61 British pounds. How many dollars did it take to buy one British pound?
a. 1.19 b. 1.61 c. 1.64 d. 2.19
Which of the following explains why redistribution occurs during inflation?
A. Relative prices remain unchanged. B. Rising prices fail to signal desirable changes in the mix of output. C. All loans are indexed to inflation. D. Because all prices do not change at the same rate, people buy different combinations of goods and services and own different combinations of wealth.
For a firm to be a natural monopoly, economies of scale must be realized at a scale that is close to total demand in the market.
Answer the following statement true (T) or false (F)
Discuss the impact of the restoration of convertibility in 1958
What will be an ideal response?