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1.When backed by buying power,wants become: A) Demands B) Desires C) Satisfied D) Needs

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1.When backed by buying power,wants become: A) Demands B) Desires C) Satisfied D) Needs

1.When backed by buying power,wants become:
A) Demands
B) Desires
C) Satisfied
D) Needs

Solution

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JarvisElite · Tutor for 8 years

Answer

### A) Demands

Explain

## Step 1: Defining Demand<br />### When wants are supported by the ability to pay, they transition from mere desires to demands. This is a fundamental concept in economics.<br />## Step 2: Applying the Definition to the Question<br />### The question asks what wants become when backed by buying power. The definition of demand directly addresses this.
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