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

  1. A necessity to purchase the product or commodity.
  2. The desire to purchase or buy the product or commodity.
  3. Utility of a product.
  4. 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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