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What Is Demand
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The official definition of demand is as such: Demand is the relationship between price and quantity demanded for a particular good and service in particular circumstances. For each price the demand relationship tells the quantity the buyers want to buy at that corresponding price. The quantity the buyers want to buy at a particular price is call ....
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....nd region to social customs. People in different areas are influenced by different things and therefore demand for specific goods. (Provided the means for paying for the goods is there) Substitutes and complements also tend to influence the quantity of a bought product. Substitutes tend to satisfy a set of goals or preferences for a set of peop.... |
| Word count: 508 |
Page count: 2 |
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