A Buyer Is Said to Have a Demand for a Good

question 136

Multiple Choice

A buyer is said to have a demand for a good only when

• A)The buyer is not willing to buy the good and does not have enough income to purchase the good.
• B)The buyer is both willing and able to purchase the good.
• C)The buyer has the income but the good is not preferred.
• D)An adequate supply of the good is available for purchase.

---

Definitions:

Level 5 Leadership

The paradoxical combination of personal humility and professional will that makes a potent formula for the highest level of leadership success. Personal humility refers to consideration and service to others; professional will refers to conviction and fierce resolve. Together, these define the caring leader who is able to catapult a group or an organization from merely good to truly great. See caring leadership.

Personal Humility

The quality of having a modest or low view of one's own importance, often enhancing leadership by focusing on others' success.

Professional Will

A document that outlines a professional's intentions and instructions for managing their responsibilities and affairs in the event of their sudden incapacity or death.

Failing Organizations

Refers to companies or entities that are unable to achieve their goals or sustain stable operations, often leading to financial distress or organizational collapse.