Business Studies, asked by mishtidoi5476, 1 year ago

Explain Nature of Demand of Service.

Answers

Answered by BROKENKID
2

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 Anonymous
1

Answer:

➡ 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.

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