When a consumer is able and willing to buy a good or service, he or she creates which of the following? Consumption Demand Allocation Elasticity

The correct answer is: Demand.<br /><br />When a consumer is able and willing to buy a good or service, he or she creates demand for that good or service. Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time. It is a fundamental concept in economics that determines the price and quantity of goods and services in the market.