Question

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

A at each possible price Correct Answer Incorrect Answer
B in each market situation Correct Answer Incorrect Answer
C in desired quantities Correct Answer Incorrect Answer
D after assurance of quality Correct Answer Incorrect Answer

Solution

Demand is an economic concept that relates to a consumer's 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.

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