Question

What is demand
What is market dmand and what is individual demand. explain both of these for 5 marker question with there possible types​

Answer 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. The relationship between price and quantity demanded is also called the demand curve.

Explanation:

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Answer 2

Answer:

The market demand for a good describes the quantity demanded at every given price for the entire market. Remember that the entire market is made up of individual buyers with their own demand curves. This means that the market demand is the sum of all of the individual buyer's demand curve.