Sagot :
1. The quantity of a good or a service that people are willing and able to purchase at different possible prices.(Demand means different amount of quantity that people are willing and able to purchase at different prices.)
2. As the price of a good increases, buyers are willing and able to purchase less.(Law of demand means as price increases, quantity demanded decreases.)
3. Inverse relationship.(The relationship between price and quantity demanded is inverse.)
Demand is an economic concept that pertains to a customer's choice to purchase goods and offerings and willingness to pay a specific charge for them. An growth inside the charge of an awesome or provider has a tendency to decrease the quantity demanded.
Supply and demand determine the fee of products and portions Produced and consumed. Customers might also exhaust the to be had deliver of a good by buying a given appropriate or carrier at a excessive extent. This ends in an growth in call for. As demand will increase, the available deliver additionally decreases.
Demand for a services or products offers the firm the possibility to develop the commercial enterprise, hiring extra employees and growing capability to healthy the call for. however, oversupply and occasional demand forces businesses to contract, laying off team of workers and last factories.
Learn more about Demand here:- https://brainly.com/question/18550230
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