Economists Use the Term Demand to Summarize

Multiple Choice

Economists use the term demand to summarize

A) how changes in price affect consumers' purchasing power.
B) how the concept of scarcity applies to the world.
C) the influence of factors other than price on the quantity we want to buy.
D) the behaviour of irrational consumers interacting with government in the marketplace.
E) the activities of profit-oriented businesses.