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8. What is demand?

A. Consumers buying more of a good when its price decreases and less when it increases.

B. A graphic representation of a demand schedule.

C. A table that lists the quantity of a good all consumers in a market will buy.

D. The desire to own something and the ability to pay for it.



Answer :

GinnyAnswer

Final answer:

Demand in economics is the desire and ability to buy goods, influenced by the law of demand. A demand curve visually shows this relationship.


Explanation:

Demand in economics refers to the desire to own something combined with the ability to obtain it. The law of demand states that consumers will buy more of a good when its price decreases and less when its price increases. A demand curve is a graphical representation of the relationship between the price of a product and the quantity consumers are willing to buy.


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