Socrates Held That to Have No Wants Was Divine

question 50

True/False

Socrates held that to have no wants was divine.

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Definitions:

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Regular Buyers

Consumers who frequently purchase goods or services from the same company or brand, showing loyalty or preference.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Elastic

A term used in economics to describe a situation where the quantity demanded or supplied of a good or service is highly responsive to changes in its price.