What Is the Economic Meaning of Demand?

Answer

In economics, "demand" refers to a customer's willingness, desire, and ability to pay for a good or service. The price of the good, its relationship to prices of similar goods, personal disposable income, and personal desire all influence demand.
Q&A Related to "What Is the Economic Meaning of Demand?"
Although various aspects of demand side economics were discussed earlier in the 19th and 20th centuries, the various arguments were pulled together into a single cohesive theory of
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Demand is. 1.Willingness to purchase a good. 2. The purchasing power to purchase that good. 3.Using that purchasing power to buy that good. 4.At a particular time and at a particular
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Demand schedules may be drawn up to reflect the behavioral propensities
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what is supply and demand? In economics, supply and demand. describes market relations between prospective sellers and buyers of a. good. The. supply and demand. model. determines
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