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Define demand?

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Define demand?

Posted by Anay Sargwan 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Nishihoney Lodha 6 years, 4 months ago

Demand refers to no. of units an individual is willing to buy at given price and given time

Yogita Ingle 6 years, 4 months ago

Demand in terms of economics may be explained as the consumers’ willingness and ability to purchase or consume a given item/good. Furthermore, the determinants of demand go a long way in explaining the demand for a particular good.

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