Demand-Consumers desire to buy a particular good or service

TECHNOLOGY

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

Demand-Consumers’ desire to buy a particular good or service

A	True
B	False
C	I have no idea.
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.

Detailed explanation-2: -Consumer demand is an economic measure of a group’s desire for a product or service based on availability. It represents the buying habits of consumers and helps determine the purchasing trends of specific populations.

Detailed explanation-3: -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.

Detailed explanation-4: -The 5 Determinants of Demand The income of buyers. The prices of related goods or services-either complementary and purchased along with a particular item, or substitutes bought instead of a product. The tastes or preferences of consumers will drive demand.

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