Economy, asked by hammaad34147, 9 months ago

Specific quantity to be purchased against a specific price of the commodity is called:

Answers

Answered by somdip95

0

Explanation:

Specific quantity to be purchased against a specific price of the commodity is called: Normal good.

Answered by skyfall63

1

Specific quantity to be purchased against a specific price of the commodity is called Quantity demanded

Explanation:

The amount demanded is the amount of the commodity that people are prepared to buy at a certain price at a given time.
At different prices, different quantities can be requested at a specific time. The demand curve is formed when all prices, along with the quantity demanded, are drawn on the graph.
Depending on factors like recession, changes in customer preferences, etc., quantity required will vary at the same price.

To know more

explain the factors that shift the demand curve to the right? - Brainly.in

https://brainly.in/question/4830733

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