Economy, asked by nm20438pa5qwk, 1 year ago

utility an demand define me

Answers

Answered by tanya005
1
demand: demand of any commodity refers to the quantities of that commodity which consumers are willing and able to purchase at different price level during a given period of time

utility: utility refers to the want satisfying power of a commodity. it is the ability or capacity to satisfy human wants.
utility may be defined as the amount of satisfaction derived from goods or services at a particular point of time

nm20438pa5qwk: superb answered to the point
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