Question

The definition of demand of a good includes which component?
(A) Price of the good

(B) Quantity of the good bought

(C) Time period

(D) All of the above​

Answer 1

Answer:

(D) All of the above

Answer 2

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Definition :-

Demand → Demand refers to different possible quantities of a commodity that the consumer is ready to buy at different possible prices of that commodity at a point of time.

So From above definition we conclude that Definition of Demand include Quantity , time and price .

Option D is the correct answer .

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Quantity demanded :-. It refers to a specific quantity to be purchased against a specific price of commodity at a point of time.

Demand schedule :- The table relating to price and quantity demanded is called demand schedule.

It includes two type of demand schedules.

• Individual demand schedule.
• Market demand schedule .

Individual demand schedule :- It is a table showing different quantities of a commodity that one particular buyer in the market is ready to buy a different possible prices of the commodity at a point of time .

Market demand schedule :- It isis a table showing different quantities of a commodity that all the buyers in the market and ready to buy different possible prices of the commodity at a point of time .