Which of the following statements regarding people's wants is true?
A) Over time, people's wants tend to be stable and constant
B) As people consume more products, their wants will be reduced
C) Intangible serves, like tangible goods, may satisfy people's wants
D) People's wants do not include their basic needs

Question

Quizplus · Accepted Answer

Intangible services, such as education or healthcare, can satisfy people's wants and needs as much as tangible goods. A and B are not accurate statements, as people's wants may change over time and consuming products may actually increase their wants. D is also incorrect, as people's wants often include basic needs such as food, shelter, and clothing.

Which of the Following Statements Regarding People's Wants Is True