BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Something you would like to have but can’t necessarily get.
|
|
|
There is not enough good or services available for trading
|
|
|
things needed to create goods or services
|
|
|
The quantity of goods that buyers will take at a particular price.
|
Detailed explanation-1: -Demand is just how many of an item a consumer is willing to buy-the sheer quantity. Quantity demanded is how many things a consumer will purchase at a specific price. Quantity demanded is a more detailed metric. Graphed out, demand is the entirety of the demand curve, whereas quantity demanded is a single point.
Detailed explanation-2: -Demand is the consumer’s desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy. Demand and supply match determines the price of the good or service. Understanding the concept of demand.
Detailed explanation-3: -What Is Demand? Demand is an economic concept that relates to a consumer’s desire to purchase goods and services and willingness to pay a specific price for them. An increase in the price of a good or service tends to decrease the quantity demanded.
Detailed explanation-4: -Meaning of demand price in English the price that people are willing to pay for goods and services when a particular amount or quantity is available: When the demand price is greater than the supply price, the amount produced tends to increase.
Detailed explanation-5: -Price demand Price demand relates to the amount a consumer is willing to spend on a product at a given price. Businesses use this information to determine at what price point a new product should enter the market. Consumers will buy items based on their perception of that product’s value.