Practice mode Miscellaneous Economics

How are need and demand related?

Correct answer D. Are unrelated concepts

Explanation

Economists distinguish need from demand: demand means desire backed by ability and willingness to pay, so a person can need something without demanding it.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.