ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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supply
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demand
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needs
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wants
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Detailed explanation-1: -DEMAND-the desire, ability, and willingness to buy a product. that shows the various quantities demanded of a particular product at all prices that might prevail in the market at a given time.
Detailed explanation-2: -Demand is the desire, ability, and willingness to buy a product or service. Q. Prices act as a motivating influence, or incentive, that causes an individual to take action.
Detailed explanation-3: -“Demand means effective desire or want for a commodity, which is backed by the ability (i.e., money or purchasing power) and willingness to pay for it.” That is one should have the desire and capacity to buy a commodity and should be willing to pay its price to constitute effective demand for that commodity.
Detailed explanation-4: -The Demand for goods or services is defined as the desire of a consumer to purchase that commodity.