1. Why do economists prefer to speak of demands arising out of wants rather than needs? (LO1)...

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1. Why do economists prefer to speak of demands arising out of “wants” rather than “needs”? (LO1)

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Principles Of Microeconomics

ISBN: 9781264250387,9781264250448

8th Edition

Authors: Robert H. Frank , Ben Bernanke , Kate Antonovics , Ori Heffetz

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Question Posted: Nov 08, 2024 09:00 AM

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1. Why do economists prefer to speak of demands arising out of wants rather than needs? (LO1)...

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Principles Of Microeconomics

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