Business Studies, asked by vishalprajapati7606, 6 months ago

meaning and concept of demand

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Answered by mubasharamalik8886

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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