Question

To have demand, what must you have A) a desire for the item. B) the ability to pay for the item. C) the desire and the ability to pay for the item. D) a basic need and a constant supply of the item.

Answer 1

Answer: Option (c) is correct.

Explanation:

Correct option: The desire and the ability to pay for the item.

A person demand for a good, if he really wants to buy that good and has the willingness to pay for that good. He doesn't demand for a good if there is no desire to have it and when a good is not affordable for him.

So, demand for a particular good is largely dependent upon the tastes and preferences and money income of a consumer.

Answer 2

Hello,

Here is your answer:

The proper answer to this question is option C "the desire and the ability to pay for the item".

Here is how:

In order to have a demand you need to have a desire for the item and the ability to have it.

Your answer is C.

If you need anymore help feel free to ask me!

Hope this helps!