The concept of demand is best described as:
a.the total satisfaction that consuming a good provides people at different prices.

b.the quantity of a good or a service that people will offer for sale at different possible prices.

c.the additional satisfaction derived from a quantity of goods and services obtained when income increases.

d.the quantity of a good or a service that people are willing and able to purchase at different possible prices.

e.the quantity of a good or service that consumers will substitute when the price of a good changes.

Question

Cbaby6149 Cbaby6149

19-02-2020
Business

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The concept of demand is best described as:
a.the total satisfaction that consuming a good provides people at different prices.

b.the quantity of a good or a service that people will offer for sale at different possible prices.

c.the additional satisfaction derived from a quantity of goods and services obtained when income increases.

d.the quantity of a good or a service that people are willing and able to purchase at different possible prices.

e.the quantity of a good or service that consumers will substitute when the price of a good changes.

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jitushashi100 jitushashi100 · Answer 1 · 2020-02-20T10:14:08+01:00

Answer:

d.the quantity of a good or a service that people are willing and able to purchase at different possible prices.

Explanation:

The concept of demand of goods and services can be best defined by OPTION(d).

Because the amount or quantity of any services and goods depends on the choice and willing of the people to buy or purchase of the product at variety of different rates possible.

As per the requirement of the customer or consumer the demand of the product varies from time to time as well.

BenitoMarin BenitoMarin · Answer 2 · 2020-02-22T00:15:04+01:00

Answer:

The correct answer is letter "D": the quantity of a good or a service that people are willing and able to purchase at different possible prices

Explanation:

Demand is the economic term for the consumer's combined wishes and desires on a specific good or service for a given period. Generally speaking, ceteris paribus, as demand increases for a good, so does the price of that good. People will make purchases from different sellers depending on the price they are willing to pay.