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What is the meaning of demand

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What is the meaning of demand

Posted by Peter_ Kængbur 6 years, 2 months ago

CBSE > Class 12 > Economics

3 answers

Bhumika Marwah 6 years, 2 months ago

Demand means what a consumer wants to buy and how much he buy is demand.

Purva Bhardwaj 6 years, 2 months ago

Demand is the quantity of goods that a consumer is willing and able to purchase with a given level of income in a period of time . Aggregate demand is the quantity of goods that whole household is planning to purchase in a periods of time.

Shrawan Kashyap 6 years, 2 months ago

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price.
You can easily get a different dessert if the price rises too high. If the quantity doesn't change much when the price does, that's called inelastic demand. An example of this is gasoline.

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