QUESTION IMAGE
Question
- which statements describe demand?
desire for a good or service
government - set limits
amount a producer makes
willingness and ability to buy at certain prices
Brief Explanations
Demand in economics is the desire for a good or service combined with the willingness and ability to pay for it at various prices. Government - set limits are related to regulations, not demand. The amount a producer makes is supply - related.
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Desire for a good or service, Willingness and ability to buy at certain prices