what do mean by demand of commodity?
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Precisely stated, the demand for a commodity is the amount of it that a consumer will purchase or will be ready to take off from the market at various given prices in a period of time. This, demand in economics implies both the desire to purchase and the ability to pay for a good.
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the demand for a commodity is the amount of it that a consumer will purchase or will be ready to take off from the market at various given prices in a period of time. This, demand in economics implies both the desire to purchase and the ability to pay for a good.
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