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:

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The 31st President of the United States, serving from 1929 to 1933, known for his leadership during the early years of the Great Depression.

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The 32nd President of the United States (1933-1945), known for leading the country through the Great Depression and World War II with his New Deal policies.