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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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