ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the amount of an item you have
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how many people want your good/service
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the money you have left over after you paid your bills
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None of the above
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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: -Demand is simply the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. People demand goods and services in an economy to satisfy their wants, such as food, healthcare, clothing, entertainment, shelter, etc.
Detailed explanation-3: -Meaning of customer demand in English. the type and quantity of products and services that people will buy, or would buy if they were available: Successful businesses adapt their products to meet customer demand.
Detailed explanation-4: -Market demand is determined by a few factors, including the number of people seeking your product, how much they’re willing to pay for it, and how much of your product is available to consumers, from both your company and from your competitors.