what is demand and what are the uses
Answers
Answered by
1
Explanation:
In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also known as the demand curve.
Answered by
1
Answer:
In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time.[1]
The relationship between price and quantity demanded is also known as the demand curve. Demand for a specific item is a function of item's perceived necessity, item's price, item's perceived quality, convenience of item, available alternatives, purchasers' disposable income, purchasers' tastes, and many other factors.
Similar questions