In Economic Theory, the Word "Demand" Refers to

question 70

Multiple Choice

In economic theory, the word "demand" refers to

• A) the amount people are willing to purchase at various prices.
• B) those wants or needs that are urgent or pressing.
• C) wants that are economic in character rather than social, cultural, or spiritual.
• D) the desire of persons for a good, regardless of whether they're willing to purchase the good.

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Definitions:

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A hard, fired clay, brownish-red in color when unglazed, that is used for architectural decoration and pottery.

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