A shopper wants a phone and can pay for it. Economists call that willi…

Question

A shopper wants a phone and can pay for it. Economists call that willingness plus ability:

Accepted Answer

A. Demand

1. Wanting alone is not enough for a market.
2. Being able to pay turns the want into a purchase.
3. That combination is demand.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._

Answer

Desire

Answer

Detail

Answer

Design

A shopper wants a phone and can pay for it. Economists call that willingness plus ability:

Keep practising Demand Supply and Equilibrium