A. desire for the commodity B. significance of the commodity C. ability to pay for the commodity D. economic value of the commodity
Correct Answer: A
Explanation
So, the key difference between wants and demand is desire. Consequently, forpeople, who can afford a desirable product are transforming their wants intodemands. In other words, if a customer is willing and able to buy a need or a want, it means that they have a demand for that need or a want.
