Power of a good/ service to satisfy human desire/want is called____________________?
Correct answer: D. Utility
- A. All of theseTake Economics Courses
- B. Worth
- C. The point of satiety
- D. Utility
Explanation
Utility is the want-satisfying power of a good or service. Worth is a value or price concept, while the point of satiety refers to the stage at which additional units no longer add satisfaction.
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