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4 December, 02:28

Which term describes the choices that people must make to meet their wants and needs?

a. supply

b. demand

c. opportunity cost

d. producers

+4
Answers (2)
  1. 4 December, 03:38
    0
    The answer is A. supply
  2. 4 December, 04:58
    0
    The term that describes the choices people must make to meet their wants and needs is b. demand.

    Explanation:

    In economics, demand makes reference to a principle that describes consumers' willingness to pay a given price for a good or service that will satisfy their wants and needs. Therefore, option B is the correct answer.
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