Question

What are the demand patterns in single direction which can rise or fall?

Answer 1

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For example, a passenger traveling in an ordinary bus dreams of traveling in a luxury bus. Therefore, latent demand is nothing but the gap between desirability and availability. Seasonal demand:Some services do not have an all-year-round demand; they might be required only at a certain period of time.

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Answer 2

Explanation:

• Demand is the quantity of a product that customers are willing and able to purchase at different prices over a given time period. The relation between the necessary price and quantity is also known as the curve of demand.
• A passenger on an ordinary bus, for example, dreams of traveling on a luxury bus. But latent demand is nothing more than the difference between desirability and supply.
• Seasonal demand: Most programs do not have a requirement for the whole year; they may only be needed for a certain period of time.

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