Question

what do
you mean
by demand​

Answer 1

Answer:

Explanation:

What is Demand?

Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease the quantity demanded, and vice versa. Market demand is the total quantity demanded across all consumers in a market for a given good. Aggregate demand is the total demand for all goods and services in an economy.

KEY TAKEAWAYS

Demand refers to consumers' desire to purchase goods and services at given prices.

Demand can mean either market demand for a specific good or aggregate demand for the total of all goods in an economy.

Demand, along with supply, determines the actual prices of goods and the volume of goods that changes hands in a market.