Demand is the desire of consumers, clients, employers, etc. for a particular commodity, service, or other item.

CONSUMERS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -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-2: -The correct option is a) As the price of a good increases, the quantity demanded of that good decreases. The law of demand says that everything being constant; as the price of the good increases, then there will be a decline in the quantity demanded of that good.

Detailed explanation-3: -In economics, demand refers to how much of a good or service consumers are willing to buy at a given price. The law of demand states that as price increases, demand generally falls, and vice versa.

Detailed explanation-4: -consumer demand. noun [ U or C ] ECONOMICS. demand for goods and services that comes from individual people rather than from companies: consumer demand for sth rises/falls Consumer demand for mobile video continues to rise.

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