Question

what is demans and kinds of demand?​

Answer 1

Answer:

Short-term demand refers to the demand for products that are used for a shorter duration of time or for current period. This demand depends on the current tastes and preferences of consumers. On the other hand, long-term demand refers to the demand for products over a longer period of time.

Answer 2

Individual Demand and Market Demand: The individual demand refers to the demand for goods and services by the single consumer, whereas the market demand is the demand for a product by all the consumers who buy that product. Thus, the market demand is the aggregate of the individual demand.