Practicing Success
The quantity of a commodity that a consumer is willing to buy and is able to afford, given prices of goods and income of the consumer, is called _______ for that commodity. Which of the following options suits best for the above blank? |
Supply Competition Demand None of above |
Demand |
Demand is defined as the quantity of a commodity that a consumer is willing and able to buy, given prices of goods and income of the consumer. |