Question

In economics, demand means
a) Desire along with ability to pay
b) Desire along with willingness to buy
c) Desire, ability to pay and willingness to buy
d) Desire with decision to buy
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Answer 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.

Explanation:

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