Question

define demand ? what are the types of demand​

Answer 1

Answer:

The demand can be classified on the following basis: Individual Demand and Market Demand: The individual demand refers to the demand for goods and services by the single consumer, whereas the market demand is the demand for a product by all the consumers who buy that product.

Explanation:

hope it helps you ☺️

Answer 2

Answer:

Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

7 types of demand are:

Price demand.

Income demand.

Cross demand.

Individual demand and Market demand.

Joint demand.

Composite demand.

Direct and Derived demand.