demand

Question 1

what is demand?

Answer 1

a demand a desire backed with the ability to pay otherwise its simply a want

Question 2

what is the definition of demand?

Answer 2

demand is the quantity of a good or service that consumers are both willing and able to buy at any given price over a period of time

Question 3

what is willing and able?

Answer 3

willing is your want to have it and able - you have the money to purchase it. you will use the money to purchase it. willing is a want. willing and able is a demand.

Question 4

What a the definition of a demand shedule?

Answer 4

A table that sets out the quantity of a good or service that a consumer is willing and able to buy at a range of prices within a given time frame.

Question 5

what is the definition law of demand?

Answer 5

An increase in the price of a good or service will result in a decrease in the quantity demanded, or vice versa assuming Ceteris Paribus

Question 6

What is the definition of ceteris paribus?

Answer 6

All other factors apart from one stay the same

Question 7

What is a demand curve?

Answer 7

A graph showing the quantity of a good or service that consumer are both willing and bale to buy at any given price of a certain period of time