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.
Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : Write short note on Markets Write short Write short note on Markets?
Write short note on Markets?
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