Answer:
c. Will buy at various prices
Explanation:
Demand can be defined as the amount of goods a consumer is willing to buy at various prices. Elasticity is the degree to which prices respond to changes in price.
For a good with elastic demand as price increases demand for that product is reduced, while a decrease in price leads to increased demand.
Answer:
The correct answer is letter "C": Will buy at various prices.
Explanation:
Demand is the economic term for the consumer's combined desires and wishes as they relate to a specific good or service. In general terms, ceteris paribus, as the demand for a good rises, so does the price of that good. Different needs imply different producers available to fulfill the wants that also mean different prices will be set and accepted by consumers.
