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    Question

    Demand for a commodity refers

    to?
    A Desire for that commodity Correct Answer Incorrect Answer
    B Need for that commodity Correct Answer Incorrect Answer
    C Quantity demanded of that commodity Correct Answer Incorrect Answer
    D Quantity demanded at certain price during any particular period of time Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The demand for a commodity at a given price is the quantity that will be purchased at a unit of time and at a unit price. Demand has the following features; Demand refers to the quantity at a given price, Demand must be defined per unit time.

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