The concept of "demand" in economics refers to
A) the different quantities of a good or service people will buy at different possible prices.
B) the different types of goods and services that people of different income levels want to buy.
C) how changes in the prices of all goods affect people's buying behavior.
D) changes in people's consumption behavior over time.
Correct Answer:
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Q1: Q2: The relative price of a good is Q4: The price of a smartphone increased from Q5: The law of demand states that Q6: According to the law of demand, a Q7: The money price of a good is Q8: According to the law of demand, other Q9: A fundamental principle in demand analysis is Q10: Suppose that the price of cornflakes is Q11: In economics, "demand" refers to
A) consumers
A) what people
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