In What Way Is Consumer Demand Different from Consumer Wants

question 118

Multiple Choice

In what way is consumer demand different from consumer wants?

• A)Demand is only for necessities.
• B)Demand is only for luxuries.
• C)Demand takes into account the ability to pay.
• D)Consumer wants are only for luxuries.
• E)Consumer wants are only for necessities.

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Definitions:

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Businesses involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

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A country in North America, known for its rich cultural heritage, diverse landscapes, and as a significant contributor to the global economy.

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The long-term increase in Earth's average surface temperature due to human activities, primarily the emission of greenhouse gases.

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The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.