Answer to Question #142808 in Microeconomics for Ehsan ullah

Question #142808

Demands differ from wants in that
A. wants require a plan to acquire a good but demands require no such plan.
B. demands are unlimited, whereas wants are limited by income.
C. wants imply a decision about which demands to satisfy, while demands involve
no specific plan to acquire the good.
D. demands reflect a decision about which wants to satisfy and a plan to buy the
good, while wants are unlimited and involve no specific plan to acquire the good.

Expert's answer

Demands reflect a decision about which wants to satisfy and a plan to buy the

good, while wants are unlimited and involve no specific plan to acquire the good.