Question: E a Demand is best described as the total satisfaction that consuming a good provides people at different prices. the quantity of a good or
Demand is best described as
the total satisfaction that consuming a good provides people at different prices.
the quantity of a good or service that consumers will substitute when the price of a good changes.
the quantity of a good or a service that people are willing and able to purchase at different possible prices. the additional satisfaction derived from a quantity of goods and services obtained when income increases. the quantity of a good or a service that people will offer for sale at different possible prices.
The law of demand says that
as the price of a good increases, buyers are willing and able to purchase less.
as the price of a good decreases, buyers are willing and able to purchase less. higher prices cause buyers to demand more.
buyers demand lower prices.
higher prices cause less demand.
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