Question

Identify the correct statement.

Demand is the quantity of a product that people are willing and able to purchase at different prices.

Demand is the quantity of a product that producers are willing to produce at a particular price.

Demand is the total quantity of a product that people are willing, even if unable, to purchase at a given price.

Demand for a product is the same as the quantity demanded of a product.

Demand represents the different quantities of a good or service that provides consumers the same amount of utility.

Answer 1

"C"

Demand is just a desire to purchase the goods at a given price in the market, it has nothing to do with the consumer actually buying those goods in the market.