Economy, asked by heersukhyani1234, 11 months ago

elements of demand class 11th with explanation

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Answered by AlissaW

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Answer: Definition of Demand: 1. According to Penson – “Demand implies three things—(i) Desire to possess a thing, Means of purchasing it; and Willingness to use those means for purchasing it.” 2. Benham has said –“Demand means always demand at a price, the term has no significance unless a price is stated. 3.

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