Question and answer
The desire, ability, and willingness to buy a product or service is called A. an incentive. B. demand. C. want. D. supply.
The desire, ability, and willingness to buy a product or service is called demand.
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Asked 2/4/2016 6:59:27 AM
Updated 2/4/2016 7:15:14 AM
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The desire, ability, and willingness to buy a product or service is called demand.
Added 2/4/2016 7:15:14 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/4/2016 7:27:41 AM]
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Questions asked by the same visitor
Which of the following is an example of a good with inelastic demand? A. computers B. a particular brand of chewing gum. C. life-saving medicine D. television sets
Weegy: Life-saving medicine is an example of a good with inelastic demand. User: Which of the following describes the substitution effect? A. As demand rises, people will substitute other products. B. As the price of a good falls, people will substitute other products. C. As the price of a good rises, people will substitute other products. D. As demand falls, people will substitute other products (More)
Question
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Updated 315 days ago|3/9/2019 9:31:01 AM
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As the price of a good rises, people will substitute other products. -describes the substitution effect.
Added 315 days ago|3/9/2019 9:30:56 AM
This answer has been confirmed as correct and helpful.
For most goods, a rise in people’s income means that there will be A. a rise in prices B. a substitution effect. C. an increase in demand. D. a decrease in demand.
Question
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Updated 2/4/2016 8:20:08 AM
1 Answer/Comment
For most goods, a rise in people's income means that there will be an increase in demand.
Added 2/4/2016 8:20:08 AM
This answer has been confirmed as correct and helpful.
Prices act as a motivating influence, or incentive, that causes an individual to take action. A. True B. False
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Updated 168 days ago|8/3/2019 3:40:01 PM
1 Answer/Comment
Prices act as a motivating influence, or incentive, that causes an individual to take action. TRUE.
Added 168 days ago|8/3/2019 3:40:01 PM
This answer has been confirmed as correct and helpful.
A demand curve illustrates A. the quantities demanded at each price by consumers. B. the differences in demand for different products. C. the differences in prices charged by different stores. D. ...
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Updated 2/4/2016 8:17:51 AM
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A demand curve illustrates the quantities demanded at each price by consumers.
Added 2/4/2016 8:17:51 AM
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As people use more and more of a product, they encounter _______________. A. increasing marginal utility. B. supply resistance. C. diminishing marginal utility. D. demand resistance.
Question
Updated 144 days ago|8/28/2019 5:02:51 AM
1 Answer/Comment
As people use more and more of a product, they encounter diminishing marginal utility.
Added 144 days ago|8/28/2019 5:02:51 AM
This answer has been confirmed as correct and helpful.
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