jayshawn1423 jayshawn1423
  • 01-02-2024
  • History
contestada

What is the definition of demand?

Respuesta :

lakshmibeerabbi
lakshmibeerabbi lakshmibeerabbi
  • 01-02-2024

Answer:

Market prices are determined via demand and supply. If the demand for a product is more than the supply, the prices seem to go up. If the supply of the product is more than the demand, the prices go down. This simple economic principle is easy to understand, but what is the definition of demand is something to ponder.

Answer Link

Otras preguntas

A machine with a mechanical advantage of 10 is used to produce an output force of 250 newtons. What input force is applied to this machine
What is the supreme law of the land?
What is the color of the indicator thymol blue in a solution that has a pH of 11? (1) red (3) pink (2) blue (4) yellow
In an oxidation-reduction reaction, the number of electrons lost is (1) equal to the number of electrons gained (2) equal to the number of protons gained (3) le
Equal amounts or ethanol and water are mixed at room temperature and at 101.3 kPa. Which process is used to separate ethanol from the mixture? (1) distillation
Which class of organic compounds contains nitrogen? (I) aldehyde (2) alcohol (3) amine (4) ether
what is the value of the underlined digit in 56.123? one is underlined
Which formula represents an organic compound? ( l) CaH2 (3) H2O2 (2) C4H8 (4) P2O5
When do we celebrate Independence Day?
Who is in charge of the executive branch?