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QuizMultiple Choice

Microeconomics — Test

Question 1 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Consumer demand is defined as

Answer
A
how frequently the prices change.
B
how frequently the people are willing pay for something.
C
the willingness and ability people have to buy a good.
D
how often people want something delivered.

Explanation

Consumer demand means both wanting a good and being able to pay for it. Therefore, the willingness and ability people have to buy a good is the correct definition. The other choices describe price changes, payment frequency, or delivery preferences rather than demand.

AI-written and checked against the verified answer.

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