Question

Select the correct answer. Which scenario describes demand? A. A person considers buying apples, but chooses not to get any. B. A person desires a piece of jewelry in a display case, but cannot afford it. C. A person buys a dress because she wants it and can afford it. D. A person fishes in a local lake for his dinner.

Answer 1

Answer: C. A person buys a dress because she wants it and can afford it.

Explanation: Demand can be said to be the quantity of goods or services that consumers are willing and able to buy as at when needed.

Demand is also related to the price of a good or service.

Once the consumer is in need of a product and he/she is able to buy that product at the market price as at when needed is called a demand