Question: Demand only exists if someone is: Multiple choice question. willing and able to sell the good interested in the good or service only if it

Demand only exists if someone is: Multiple choice question. willing and able to sell the good interested in the good or service only if it is free willing and able to pay for the good willing to pay for a good regardless of whether they can pay for it

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Demand only exists if someone is: Multiple choice question. willing to pay for a good regardless of whether they can pay for it willing and able to pay for the good willing and able to sell the good...

Demand only exists if someone is: Multiple choice question. willing to pay for a good regardless of whether they can pay for it willing and able to sell the good willing and able to pay for the good...

Demand only exists if someone is: Multiple choice question. interested in the good or service only if it is free willing and able to pay for the good willing to pay for a good regardless of whether...

The fact that people have unlimited wants means that _____ Group of answer choices they always want more of at least one good. people always purchase the goods that cost the least. there is always an...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Discussion Board 4 Production Economics and Decisions...

The most desirable combination of output attainable with existing resources, technology, and social values is known as the: Group of answer choices Optimal mix of production. None of the Answers are...

Question 2 (1 point) I Which of the following is not consistent with a price taker? Q There are many firms selling identical products. Q There are very few competitors. O Firms have no control over...

Cont'd Namerl |.D. Number: Chapter 3. Supply and Demand Theory: Fre-Class 5 In- Class Activities Packet Sectio n: Date' Part 2. Matching: Match the Key terms in Column "A\" with the denitions in...

Sometimes it is useful to define operations on ADT without changing the type definition itself. For example, you might want to print the elements in a stack without actually adding a method to the...

During January 2015, the first month of operations, a consulting firm carried out the following transactions: 1. Issue of common stock to owners in exchange for $34,000 in cash. 2. He bought $8,500...

4. LO.1 How can a C corporation mitigate its double taxation potential?

Consider the following letter and answer Shady's question. To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the...

Describe one advantage for each of the inventory costing methods: specific identification, FIFO, LIFO, and weighted average. f5

A company takes a physical count of inventory at the end of 2005 and finds that ending inventory is understated by $ 10,000. Would this error cause cost of goods sold to be overstated or understated...

An art gallery purchases a painting for $1 1,400 on terms FOB shipping point. Additional costs in obtaining and offering the artwork for sale include $130 for transportation-in, $150 for import...