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:

Sentence Structure

The way in which the components of a sentence (subject, verb, object) are organized, affecting clarity, effectiveness, and readability.

Sincerity

The quality of being free from pretense, deceit, or hypocrisy in one's actions or words.

Qualities

Characteristics or attributes that determine the nature or behavior of something.

Praise

The act of expressing approval or admiration for someone or something.