Answer to Question #207704 in Macroeconomics for Junior

Question #207704

What is demand


1
Expert's answer
2021-06-17T09:57:15-0400

Demand is an economic theory that refers to a consumer's desire to buy products and services as well as their readiness to pay a price for them. An increase in the price of a good or service will reduce the quantity required if all other conditions remain constant.


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