Question

What do you mean by market demand? Explain.

Answer 1

Answer:

Market demand is the total amount of goods and services that all consumers are willing and able to purchase at a specific price in a market place

Answer 2

Answer:

Explanation:

1) Market demand is the aggregate of all quantities of a commodity purchased by all buyers at different prices during a given period of time

2) Market demand is the total of all individual demands. So, it is the broad concept

3) It is useful to determine price policy