What is demand?

a. a table that lists the quantity of a good all consumers in a market will buy at each different price

b. a graphic representation of a demand schedule

c. consumers buying more of a good when its price decreases and less when its price increases

d. the desire to own something and the ability to pay for it

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.