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A consumer’s desire to buy something and the ability to pay for it is called: A. economic desire B. supply C. law of diminishing returns D. demand
A consumer’s desire to buy something and the ability to pay for it is called DEMAND.
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User: A consumer’s desire to buy something and the ability to pay for it is called: A. economic desire B. supply C. law of diminishing returns D. demand

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Asked 12/22/2012 8:59:36 PM
Updated 12/22/2012 9:17:19 PM
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A consumer’s desire to buy something and the ability to pay for it is called DEMAND.
Added 12/22/2012 9:17:19 PM
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A minimum price, set by the government, that must be paid for a good or service is called a _____. A. price wall B. price floor C. price field D. price ceiling
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Updated 12/21/2012 2:23:14 PM
1 Answer/Comment
A minimum price, set by the government, that must be paid for a good or service is called a: B. Price floor.
Added 12/21/2012 2:23:14 PM
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Businesses often use information such as age, income level, and occupation to sell products to certain groups of people. What is this type of information called? A. revenues B. complements C. markets D. demographics
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Which of the following is considered a cause of inflation? A. Wages go down. B. Producers raise prices to meet higher costs. C. There is not enough money in the economy. D. Demand is less than supply.
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Updated 12/21/2012 10:20:10 PM
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Demand is less than supply. This is not considered a cause of inflation.
Added 12/21/2012 10:20:10 PM
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Added 12/21/2012 10:41:46 PM
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