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Question

A want becomes a demand only when it is backed by the _________.


A

A necessity to purchase the product or commodity.

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B

The desire to purchase or buy the product or commodity.

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C

Utility of a product.

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D

Ability to buy.

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Solution

The correct option is D

Ability to buy.


Answer d: Ability to buy.

Explanation: A want or a need turns into a demand just when it is supported by the capacity or the ability to buy. The interest or demand of a product alludes to the craving or desire to purchase the product upheld with the buying power.


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