Asked Sep 14, 2019

Tom had an "absolute need" for web help and therefore was ready to "pay anything" to get it. If this were true, what shape would his demand curve have? Why isn't this realistic?


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 Tom has an absolute need for web help and is willing to pay any price for it.

But demand is not just about the willingness to buy. It also requires the ability to pay.

If Tom had the willingness as well as the ability to pay for web help...

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Consumer demand theory

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