Economy, asked by brijraj171204, 8 months ago

does demand refers to mere desire to have a good? Explain using example. _Give 3 points_ ​

Answers

Answered by SherylSalhotra
0

Explanation:

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. Holding all other factors constant, an increase in the price of a good or service will decrease the quantity demanded, and vice versa.

Answered by yashikalohan05
1

Answer:

yes demand refers to mere desire to have a good...

Explanation:

when we want to buy a good.. we create demand for it in the market ...

thus our desire gets converted into demand..

for example:- i want to buy a blue pen ...

i will go the market and create demand for it so as to satisfy my desire and wants...

hope it is clear to you ...

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