Which one of the following statements regarding wants, needs and demand is incorrect? O A. Michelle's wants are never satisfied, if she buys something, there is always something else she also wants.. O B. Mpho has a demand for Rolex watches, even though she cannot afford them, she likes them very much. O C. Molly has a demand for soft drinks, she likes the taste and can afford to buy it O D. Mike is lost in the jungle, he has a need for water and food, otherwise he might die.

Which one of the following statements regarding wants, needs and demand is incorrect? O A. Michelle's wants are never satisfied, if she buys something, there is always something else she also wants.. O B. Mpho has a demand for Rolex watches, even though she cannot afford them, she likes them very much. O C. Molly has a demand for soft drinks, she likes the taste and can afford to buy it O D. Mike is lost in the jungle, he has a need for water and food, otherwise he might die.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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