Question

Explain Demand. ?(for 2 Mark)​

Answer 1

Answer:

What is Demand? 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.

Explanation:

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Answer 2

Demand is defined as the quantity to be purchased or purchased by the consumer demand maybe real or notional sometimes companies consider expected demand also. Thus, it refers to that quantity purchased by a customer regarding any product.