The amount of desire people have for a particular product or service is known as its _, whereas the total number of products or services available in an economy is known as _:

(1 point)
Responses

utility; resources.

utility; resources.

demand; supply.

demand; supply.

implicit cost; explicit cost.

implicit cost; explicit cost.

supply; demand.

supply; demand.

1 answer

demand; supply.

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The amount of desire people have for a particular product or service is known as its _____, whereas the total number of products or services available in an economy is known as _____:

The amount of desire people have for a particular product or service is known as its _, whereas the total number of products or services available in an economy is known as _: