Question

In economics, demand for a good...

A. is the relationship between the price of a good and the quantity people actually buy.
B. refers to the quantity people want to buy.
C. is the relationship between the price of a good and the quantity people are willing and able to buy.
D. increases when the price of the good decreases.
E. decreases when the price of the good decreases.

***I think it's A, B, or C... What do y'all think? Thanks!!! :)

Answer 1

C only :)

Answer 2

a demand without actual ability to buy is fake demand , which is the most important thing .

Answer 3

yay!! thank you!! :)

Answer 4

ahh okay:) thank you for explaining!! @ikram002p :)

Answer 5

np :)

Answer 6

Do you get this one too perhaps? @ikram002p :)

If peoples' tastes change and suddenly homemade iced tea becomes very popular...

A. the demand for lemons would increase because lemons are a complement good.
B. the demand for lemons would increase because lemons are a substitute good.
C. the demand for lemons would not change, but the quantity demanded for lemons would increase.
D. the demand for lemons would not change, but the quantity demanded for lemons would decrease.
E. the demand and quantity demanded for lemons would be unaffected.

What do you think? :/

Answer 7

hmm well idk how is lemon related to ice tea ,but i think the demand and quantity demanded for lemons would NOT CHANGE
hehe i cant see this in options xD

@Ganeshie8