Question

Which term describes the choices that people must make to meet their wants and needs?

a. supply
b. demand
c. opportunity cost
d. producers

Answer 1

The answer is A. supply

Answer 2

The term that describes the choices people must make to meet their wants and needs is b. demand.

Step-by-step explanation:

In economics, demand makes reference to a principle that describes consumers' willingness to pay a given price for a good or service that will satisfy their wants and needs. Therefore, option B is the correct answer.