Question

Demand is an economic principle referring to a consumer's desire to purchase goods and services:

Q: Answer-Demand is an economic principle referring to a consumer's desire to purchase goods and services:

Demand is an economic concept that relates to a consumers desire to purchase goods and services and willingness to pay a specific price for them. An increase in the price of a good or service tends to decrease the quantity demanded.

A at each possible price

B in each market situation

C in desired quantities

D after assurance of quality

Practice Next

More Basics of Marketing Management Questions

A decline in referral-based account openings suggests weakness in:
The type of need which puts a boundary to specified needs is known as ___________.
Cost incurred for each ad click is:
Customer churn refers to:
A bank introduces a chatbot to instantly resolve routine queries like balance enquiry and EMI dates. This initiative primarily improves which service quali...
Decline stage strategy focuses on:
Hyperglobal Mart has been opening an increasing number of stores in areas where the ‘millennials' generation makes up a large proportion of the population....
An ad for The Orchard high School, a private school for children, has the headline, "Bringing out the best in every child" This ad is appealing to the pare...
Which customer behavior indicates strong brand loyalty?
Which is an external data source?

Hey! Ask a query

Demand is an economic principle referring to a consumer's desire to purchase goods and services:

Detailed Solution

More Basics of Marketing Management Questions

Hey! Ask a query

Please Register/Login