Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what are the two components of demand? willingness to sell and money su…

Question

what are the two components of demand?
willingness to sell and money supply
price and quantity
willingness to purchase and ability to pay
quality and quantity

Explanation:

Brief Explanations

Demand in economics requires both the desire (willingness to purchase) and the means (ability to pay) to buy a good or service.

Answer:

C. Willingness to purchase and ability to pay