asked 221k views
5 votes
Demand is the relationship between what consumers __ and __ to buy at various prices.

asked
User Brosig
by
7.6k points

1 Answer

5 votes

Answer:

willing and able

Step-by-step explanation:

The demand for a product is the relationship between what consumers are willing and able to buy at the various prices. It is important to note that the ability to pay for the product or service is a key element of the demand definition. According to the law of the demand, the quantity of the product demanded will decrease as the price goes up and vice versa.

answered
User Artem Viter
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories