3.8k views
5 votes
How much people want a certain item is called what???

Supply
Demand
Competition
Free enterprise

2 Answers

5 votes

demand

your welcome

i had this on my test the other day


User Anita Fronczak
by
7.7k points
5 votes

Answer:

The correct answer would be B, Demand.

Step-by-step explanation:

Demand is a basic concept in the field of economics. In simple words, when people want something so much that they are willing to pay a price for that, it is called as Demand. In economic terms, Demand is the quantity of a product that consumers are willing to purchase at a certain price during a period of time, and also they are able to pay for that product. There is a direct relationship of the product demanded and the price of that product. When demand for a certain product increases, the price of that product also increases and vice versa. The concepts of supply, demand, price are interrelated, either directly or indirectly.

User Genoveva
by
7.1k points
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