In economics, the meaning of demand refers to
A) how badly someone wants a good.
B) the quantities of a good that people will buy at various prices.
C) the quantities of a good that people will sell at various prices.
D) the total satisfaction that consuming a good provides people at different prices.
B
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An oligopoly is a market structure in which:
a. one firm has 100 percent of a market. b. there are many small firms. c. there are many firms with no control over price. d. there are few firms selling either a homogeneous or differentiated product.
When the money market is drawn with the value of money on the vertical axis, the value of money decreases if
a. either money demand or money supply shifts right. b. either money demand or money supply shifts left. c. money demand shifts right or money supply shifts left. d. money demand shifts left or money supply shifts right.