Answer to Question #274670 in Economics for Nalyn

Question #274670

In your own words, what is concept of demand

Expert's answer

Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. what kinds of entry barriers helped protect intels monopoly positions? What actions dis intel take t
2. suppose that the demand curve facing opec is given by p= 120-2q and that each member's cost of
3. (d) The table below shows the marginal utility schedule for orange (X) and apples (Y). Su
4. In most economies of the world, is the short-run Phillips curve hypothesis still relevant? What abou
5. 𝑄𝑑 = 1100 − 3PUsing the equation, find the quantity demand if the price is 180
6. 𝑃 = −𝑄𝑑 + 700 Using the equation, find the quantity demand if the price is 0
7. 𝑄𝑑 = 500 − 4pUsing the equation, find the quantity demand if the price is 25

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…