 "What is Demand?")
Demand
About Demand
What is Demand?
Demand is the quantity of consumers who are willing and able to buy products at various prices during a given period of time. Demand for any commodity implies the consumers' desire to acquire the good, the willingness and ability to pay for it.
The demand for a good that the consumer chooses, depends on the price of it, the prices of other goods, the consumer’s income and her tastes and preferences. Whenever one or more of these variables change, the quantity of the good chosen by the consumer is likely to change as well. If the prices of other goods,
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Latest Updates on Demand
The current 'inflation' is a mystery. FinMin, RBI must tread carefully
At a time of declining incomes, people don't have money. So they do not buy. If they don't buy, prices must fall, not increase. What, then, explains the inflation? T C A Srinivasa Raghavan explores
Updated On : 05 Jul 2021 | 8:21 AM IST
