The quantity of commodity a consumer is willing and able to …
Source: JAMB · 2023
The quantity of commodity a consumer is willing and able to buy at a particular time is called
Explanation
Demand is the quantity of a good a consumer is both willing and able to buy at a given price and time.
A wish or desire is not demand, because the person may not have the money to pay.
Was this explanation helpful?
Something wrong or missing? Tell us — we read every report and fix issues fast.