WORLD HISTORY

Detailed explanation-1: -Demand simply means a consumer’s desire to buy goods and services without any hesitation and pay the price for it. In simple words, demand is the number of goods that the customers are ready and willing to buy at several prices during a given time frame.

Detailed explanation-2: -Definition: Market demand describes the demand for a given product and who wants to purchase it. This is determined by how willing consumers are to spend a certain price on a particular good or service. As market demand increases, so does price. When the demand decreases, price will go down as well.

Detailed explanation-3: -Demand refers to the consumer’s desire and willingness to buy a product or service at a given period or over time. Consumers must also have the ability to pay for something they want or need as determined by their disposable income budget. Therefore, demand is a force that affects economic growth and market expansion.

Detailed explanation-4: -Answer: (A) Definition of demand. ● Demand may be defined as the quantity of a commodity that a consumer is able and willing to buy, at each possible price, over a given period of time.

Detailed explanation-5: -Desire refers to the ambition or aspiration of a person. Want is a strong feeling, craving or demand of a person to possess some things. Demand refers to the claim, interest, order or ability to purchase that commodity at a given price.

Detailed explanation-6: -Demand is a consumer’s desire and willingness to buy a product at a given price. For example, if the price increases, the customer might hesitate, and the willingness to buy decreases.