Economy, asked by hihello45, 6 months ago

Mention two main characteristics of demand.

Answers

Answered by Anonymous

4

CHARACTERISTICS OF DEMAND:

(I) WILLINGNESS AND ABILITY TO PAY. ...
(II) DEMAND IS ALWAYS AT A PRICE. ...
(III) DEMAND IS ALWAYS PER UNIT OF TIME. ...
SUMMING UP, WE CAN SAY THAT BY DEMAND IS MEANT THE AMOUNT OF THE COMMODITY THAT BUYERS ARE ABLE AND WILLING TO PURCHASE AT ANY GIVEN PRICE OVER SOME GIVEN PERIOD OF TIME.

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