darksshadoww1234 darksshadoww1234

06-12-2020
Social Studies

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What is demand in economics ? elaborate pls

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sharmadp3376 sharmadp3376

06-12-2020

Answer:

Demand is a quantity of a commodity which a consumer wishes to purchase at a given level of price and during a specified period of time. In other words, demand for a commodity refers to the desire to buy a commodity backed with sufficient purchasing power and the willingness to spend.

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stephanie8438 stephanie8438

06-12-2020

Answer:

Demand is the quantity of goods and services that consumers are willing and able to buy at alternative prices over a given period of time.

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