--%>

Write short note on Demand

Write short note on Demand?

E

Expert

Verified

Demand is a schedule that shows the various amounts of a product consumers are willing and able to buy at each specific price in a series of possible prices during a specified time period.

1. The schedule shows how much buyers are willing and able to purchase at five possible prices.

2. The market price depends on demand and supply.

3. To be meaningful, the demand schedule must have a period of time associated with it.

   Related Questions in Business Economics

  • Q : Comparative Advantage of free trade

    According to the advocates of free trade and World Trade Organization, each and every country potentially advantages from trade liberalization and the lowering of tariffs since each and every country: (1) Has a comparative benefit in something. (2) Ga

  • Q : Founder of modern economics The person

    The person along with, arguably, the top claim to the name “founder of modern economics”: (1) John Stuart Mill. (2) Karl Marx. (3) John Maynard Keynes. (4) Joan Robinson. (5) Adam Smith. Hello guys I wa

  • Q : Define the term Weak-form market

    Define the term Weak-form market efficiency. Explain briefly.

  • Q : How can we evaluate cost of capital How

    How can we evaluate cost of capital?

  • Q : Why Trade barriers hurt American

    Why Trade barriers hurt American consumers?

  • Q : Determine opportunity costs while

    Marrying the one you love involves opportunity costs, mainly since: (i) being married limits your freedom to marry someone else, and you should also consider making someone else happy while making decisions which affect both of you. (ii) two can live

  • Q : Case of arbitrage while selling and

    Assume that melons sell for $5 in Brazil when moose pelts sell for $10, still into Canada melons sell for $10 as well as moose pelts sell for $5. A person who buys moose pelts within Canada to sell into Brazil would be doing: (1) speculation. (2) the “invisible

  • Q : Describe double coincidence of wants

    Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.

  • Q : Economic Why are democratic regimes

    Why are democratic regimes more conducive to economic growth than dictatorship

  • Q : Technology in production Drawing a

    Drawing a production possibilities frontier needs the supposition that: (1) Decision makers encompass discretion over resource accessibility. (2) Technology is constant. (3) Income is fairly distributed. (4) Resources are considerably diverse. (5) At least three goods