Define Market demand with the help of a diagram?
Answers
Answered by
1
demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also called the demand curve.
Answered by
3
✧═════════════•❁❀❁•══════════════✧
✧═════════════•❁❀❁•══════════════✧
What is Market Demand with Help of a Diagram
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.
Attachments:
Similar questions
Science,
1 month ago
Math,
2 months ago
Accountancy,
10 months ago
English,
10 months ago
English,
10 months ago