Write short note on Demand
Write short note on Demand?
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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.
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The cornerstone of typical economic theory derived through the work of Jeremy Bentham was the perception of (i) the wages fund. (ii) natural checks on population. (iii) increasing cost. (iv) utility. (v) surplus value. Discover Q & A Leading Solution Library Avail More Than 1444417 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1960711 Asked 3,689 Active Tutors 1444417 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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