Question

If there is a paucity of a commodity, then there is a demand for that commodity. ​

Answer 1

Answer:

Precisely stated, the demand for a commodity is the amount of it that a consumer will purchase or will be ready to take off from the market at various given prices in a period of time. This, demand in economics implies both the desire to purchase and the ability to pay for a good.

Answer 2

Answer:

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