_____ refers to the willingness and ability of buyers to purchase goods and services at different prices.

Question

Quizplus · Accepted Answer

Demand refers to the willingness and ability of buyers to purchase goods and services at different prices. It is an essential component of the market economy and helps to determine the price of goods and services in the market. Need, utility, and supply are also important concepts in economics but do not specifically refer to the relationship between buyers and the price of goods and services.

_____ Refers to the Willingness and Ability of Buyers to Purchase