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