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marks8ginatu
marks8ginatu marks8ginatu
  • 23-09-2016
  • Social Studies
Answered

What is a demand in economics term??

Verified Answer :

Caryn1205
Caryn1205 Caryn1205
  • 30-09-2016

Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa.

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