The willingness and ability of buyers to purchase goods and services at different prices is called

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The willingness and ability of buyers to purchase goods and services at different prices is known as demand. Supply refers to the willingness and ability of sellers to provide goods and services at different prices. An economic system is a broader concept that encompasses the organization and distribution of resources in a society. Owner's rights are legal protections granted to individuals and entities that own property or assets.

The Willingness and Ability of Buyers to Purchase Goods and Services