Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

demand is best described as the additional satisfaction derived from a quantity of goods and services obtained when income increases. the quantity of a good or a service that people are willing and able to purchase at different possible prices. the quantity of a good or a service that people will offer for sale at different possible prices. the total satisfaction that consuming a good provides people at different prices. the quantity of a good or service that consumers will substitute when the price of a good changes. the law of demand says that higher prices cause buyers to demand more. as the price of a good increases, buyers are willing and able to purchase less. buyers demand lower prices. higher prices cause less demand. as the price of a good decreases, buyers are willing and able to purchase less.

Sagot :

khuranashilpa76

1. The quantity of a good or a service that people are willing and able to purchase at different possible prices.(Demand means different amount of quantity that people are willing and able to purchase at different prices.)

2. As the price of a good increases, buyers are willing and able to purchase less.(Law of demand means as price increases, quantity demanded decreases.)

3. Inverse relationship.(The relationship between price and quantity demanded is inverse.)

Demand is an economic concept that pertains to a customer's choice to purchase goods and offerings and willingness to pay a specific charge for them. An growth inside the charge of an awesome or provider has a tendency to decrease the quantity demanded.

Supply and demand determine the fee of products and portions Produced and consumed. Customers might also exhaust the to be had deliver of a good by buying a given appropriate or carrier at a excessive extent. This ends in an growth in call for. As demand will increase, the available deliver additionally decreases.

Demand for a services or products offers the firm the possibility to develop the commercial enterprise, hiring extra employees and growing capability to healthy the call for. however, oversupply and occasional demand forces businesses to contract, laying off team of workers and last factories.

Learn more about Demand here:- https://brainly.com/question/18550230

#SPJ4

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.