Question

What is demand and objectives of demand in economics?

Answer 1

Heya...

Demand refers to desire to buy a commodity backed with sufficient purchasing power and willingness to spend...

Or...

The quantity of a commodity what the people are purchasing in the response of it's price....

Objectives of demand in economics...

* Demand is done to get the maximum satisfaction and fulfill our needs...

* Important for equilibrium because if there is no demand then to whom producer will sell their products...

* To happen economic transaction...

Answer 2

Answer:

Demand

Demand refers to the quantities of a commodity that consumers are willing and able to purchase at various possible prices during a particular period of time.

Demand = Desire + Ability to Purchase.

Objectives Of Demand In Economics

• Demand enables business organisation to take various business decisions.

• Demand enables to plan production process, purchasing raw materials.

• Demand enables to manage funds & to decide and determine the price of the product.

hope it may help you...

♥️♥️♥️

please mark my answer brainliest

☺️☺️☺️