Jerry has $50,000 in his savings account and the average new car price is $23,000. does jerry have a demand for a new car?
a. yes, since jerry can afford a new car.
b. not necessarily. jerry has the ability to buy a new car, but we don't know if he also has the willingness to buy a new car.
c. yes, since jerry's savings is more than double the average new car price.
d. none of the above