If an individual demands a good,it means that he or she
A) Has a strong desire for the good.
B) Is willing and able to purchase the good at some price.
C) Must need the good.
D) Prefers the good to all other choices.
Correct Answer:
Verified
Q1: The marginal utility for a good is
Q2: Marginal utility is
A)The sum of the total
Q4: Josh is eating pizza at his
Q5: Josh is eating pizza at his
Q6: As compared to sociologists and psychologists,economists accept
Q7: When economists refer to the determinants of
Q8: The additional pleasure or satisfaction from a
Q9: Which of the following is not a
Q10: The law of diminishing marginal utility states
Q11: Total utility is
A)The additional utility from consuming
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