The quantity demanded by all consumers in a market is known as the:

DEMAND

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

The “quantity demanded by all consumers in a market” is known as the:

A	Individual demand
B	Market demand
C	Market supply
D	Supply and demand

Explanation:

Detailed explanation-1: -Aggregate demand refers to the total demand by all consumers for all goods and services in an economy across all the markets for individual goods.

Detailed explanation-2: -General market demand is also often referred to as aggregate demand.

Detailed explanation-3: -Market Demand is also known as Demand Forecasting.

Detailed explanation-4: -Market Demand is the ability and willingness of a customer to buy a product at the available cost in a market. Consumer desire is the wish to buy a product, irrespective of what they can afford. Consumer demand is the desire to buy the product with the ability to afford it.

Detailed explanation-5: -i. Individual and Market Demand: ii. Organization and Industry Demand: iii. Autonomous and Derived Demand: iv. Demand for Perishable and Durable Goods: v. Short-term and Long-term Demand:

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND