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: -Demand is a principle of economics that captures the consumer’s desire to buy the product or service. The demand is calculated as the price the consumers are willing to pay for the product or service.

Detailed explanation-3: -In economics, the concept of demand is defined as the desire to own something. combined with the ability to pay for it. according to the law of demand, when the price of pizza goes up. consumers will buy less pizza. Marty just finished creating a market demand schedule for his hardware store.

Detailed explanation-4: -“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-5: -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.