Demands differ from wants because
A) demands are unlimited, whereas wants are limited by income.
B) wants require a plan to acquire a good but demands require no such plan.
C) wants imply a decision about which demands to satisfy, while demands involve no specific plan to acquire the good.
D) demands reflect a decision about which wants to satisfy and a plan to buy the good, while wants are unlimited and involve no specific plan to acquire the good.
Correct Answer:
Verified
Q25: The "law of demand" states that, other
Q26: The "law of demand" states that changes
Q27: The law of demand implies that demand
Q28: As the relative price of a good
Q29: When graphing a demand curve for corn,
Q31: Scarcity guarantees that
A) demands will exceed wants.
B)
Q32: The quantity demanded of a good or
Q33: The "law of demand" refers to the
Q34: The law of demand implies that, other
Q35: The quantity demanded is
A) always equal to
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