Economy, asked by dipenvpatel1213, 2 months ago

when products are expensive then how is the demand of prestigiuos good of the rich

Answers

Answered by beautyqueen1137
4

Answer:

Demand is the amount of good or service a consumer is willing and able to purchase (spend) per period of time. Consumers who are willing to buy and able to buy are different things. So many consumers are willing to buy products that they cannot afford at prices they cannot pay. It is the maximum amount of money a consumer is willing to pay and is able to pay for such quantity

Answered by vishesh7382
0

Answer:

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