For there to be demand for a good,people must
A) want the good more than they want other goods.
B) know the prices of all other goods.
C) feel there are few substitutes for the good.
D) need the gooD.
E) be willing and able to buy the good at the market price.
Correct Answer:
Verified
Q48: Shortages are associated with price _;surpluses are
Q49: When the supply of a good increases
Q50: When the market price of a good
Q51: According to the law of demand,the
A)quantity demanded
Q52: When supply increases
A)demand decreases.
B)price increases because excess
Q54: Which statement is true?
A)The quantity demanded is
Q55: An increase in demand occurs when
A)quantity demanded
Q56: Which of the following is not true
Q57: If quantity demanded is greater than quantity
Q58: When a price floor that has an
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