Examlex
Which of the following statements about Likert's approach is FALSE?
Demand
Refers to consumers' willingness and ability to purchase goods and services at different prices.
Quantity Demanded
The aggregate sum of a product or service that buyers are ready and able to buy at a particular price point.
Gasoline
A flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.
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