ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the desire and ability to buy a product
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the ability and willingness to buy a product
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the desire, ability, and willingness to buy a product
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the desire. ability and willingness to sell a product
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Detailed explanation-1: -“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-2: -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-3: -The three basic characteristics are the position, the slope and the shift. The position is basically where the curve is placed on that graph. For example if the curve is placed in a position far right on that graph, that means that higher quantities are demanded of that product at any given price.
Detailed explanation-4: -Demand is the desire, willingness, and ability to buy a good or service. price and the quantities bought and sold. Several factors can cause market demand for a product or service to change.
Detailed explanation-5: -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.