Economy, asked by mohini1373, 1 year ago

Define the term demand and quantity demand ??

Answers

Answered by brainlystargirl
20
Heya.....

See here for your answer....

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What is meant by term DEMAND ---

The different possible quantities of a commodity that a producer is ready to purchase at the different possible prices of that commodity...

What is meant by term QUANTITY DEMAND -----

The specific number of Quantity that a consumer is ready to purchase at specific prices of that commodity..



Thank you
Answered by varshini1101
3
heya !!


here is your answer⤵️⤵️


Demand :

Demand normally mean something hard desire.

But,

Demand in economics mean that people's desire.

The law of demand governs the relationship between quantity demanded and price.


Quality demand :

The consumer demand for goods quality.

They need a nice quality.


hope my answer helps you
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