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.

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Definitions:

Loanable Funds

The total funds available in the financial markets for borrowing, which come from savings and are used for investment.

Borrowed

Refers to funds or resources obtained temporarily from another party, typically with the obligation of returning or repaying the amount with interest.

Demand

The quantity of goods or services that consumers are willing and able to purchase at various prices during a given time period.

Rent Control

Government policies or laws that limit the rent landlords can charge for housing, intended to make housing affordable.