Answer to Question #260484 in Microeconomics for tamer

Question

 According to Bobber: by demand we mean the various quantites of a given commodity or service which consumers would buy in one market in a given period of time at various prices

 

Answer 1

The assertion is valid; the amount of commodities that customers are competent and ready to purchase at certain costs through a particular duration of time is the desire for that product. The customer must be prepared to buy it, have the capability or funds to buy it, and it should be tied to a unit of the moment, such as per day, fortnight, quarter, or annual.