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meaning of demand

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meaning of demand

Posted by Rudransh Shukla 6 years, 11 months ago

CBSE > Class 11 > Economics

3 answers

Nikhil Dwivedi 6 years, 11 months ago

Demand may may be defined as desire of person to buy a product with sufficient purchasing power and willingness to pay

Japnoor Kaur 6 years, 11 months ago

In economics demand refers to the quantity of a commodity that a consumer is willing and able to buy at a particular price during a given period of time

Gaurav Seth 6 years, 11 months ago

Demand is an economic term that refers to the amount of products or services that consumers wish to purchase at any given price level. The mere desire of a consumer for a product is not demand. Demand includes the purchasing power of the consumer to acquire a given product at a given period. In other words, it’s the amount of products or services that consumers are willing and able to purchase

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