The demand for a product is the amount that .
A. Buyers purchase in the market
B. Buyers are willing to purchase at a given price
C. Buyers are willing and able to purchase at alternative prices
D. Buyers are able to purchase at a specific price
Answers
Answered by
5
Answer:
option b is the correct answer dear mark me as a brainlist and follow me
Answered by
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Option C. Buyers are willing and able to purchase at alternative prices -This is the correct answer.
About demand for a product:
- We must choose the most appropriate option for the question regarding 'the demand for a product'.
- The demand for a product refers to the want of the product in the market.
- It means the customers are ready to buy and will buy the product if it is available.
- The demand for a product denotes the willingness to buy the product, no matter the cost is.
- It is not the number of products sold, but just the need of the product, even when the cost is high or low.
- So, Option A. Buyers purchase in the market -is wrong.
- Option B. Buyers are willing to purchase at a given price is incorrect because the ability to buy is not mentioned.
- Option C. Buyers are willing and able to purchase at alternative prices -is the correct answer.
- Option D. Buyers are able to purchase at a specific price -is wrong because the buyers will not care about the price of the product when there is real demand.
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