question 1 (1 point)\neconomic demand is\n a the amount of a good or service that producers are willing and…

question 1 (1 point)\neconomic demand is\n a the amount of a good or service that producers are willing and able to produce at various prices\n b the amount of a good or service that consumers are willing and able to buy at one price\n c the amount of a good or service that consumers are willing and able to buy at various prices\n d the amount of a good or service that consumers are willing but not able to buy at various prices\nquestion 2 (1 point)\nif the price of oranges, a substitute for apples, increases, what will happen to the demand for apples?\n a there will be a movement along the demand curve for apples\n b demand for apples will increase\n c demand for apples will stay the same\n d supply of apples will decrease

question 1 (1 point)\neconomic demand is\n a the amount of a good or service that producers are willing and able to produce at various prices\n b the amount of a good or service that consumers are willing and able to buy at one price\n c the amount of a good or service that consumers are willing and able to buy at various prices\n d the amount of a good or service that consumers are willing but not able to buy at various prices\nquestion 2 (1 point)\nif the price of oranges, a substitute for apples, increases, what will happen to the demand for apples?\n a there will be a movement along the demand curve for apples\n b demand for apples will increase\n c demand for apples will stay the same\n d supply of apples will decrease

Answer

Brief Explanations:

Question 1: Economic demand refers to consumers' willingness and ability to buy a good/service at various prices. Question 2: Oranges are substitutes for apples; higher orange prices increase demand for apples.

Answer:

Question 1: c. the amount of a good or service that consumers are willing and able to buy at various prices. Question 2: b. Demand for apples will increase