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Which of the following is not a true statement about "demand"? Select the correct answer below: Demand is fundamentally based on needs and wants. Demand is the relatio…

Which of the following is not a true statement about "demand"? Select the correct answer below: Demand is fundamentally based on needs and wants. Demand is the relatio…
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1 vote
Which of the following is not a true statement about "demand"?

Select the correct answer below:


Demand is fundamentally based on needs and wants.


Demand is the relationship between a range of prices and the quantities demanded at those prices.


Demand is based on ability to pay.


Demand is the same as quantity demanded.

asked
User Sean Burlington
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1 Answer

1 vote

Answer:

Demand is the same as quantity demanded.

Step-by-step explanation:

answered
User Stormbeta
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