Respuesta :
The quantity of products that people are willing to buy at different prices at a specific time is called Demand.
Demand in economics refers to the quantity of a good that consumers are willing and able to buy at different prices during a specific period of time.
What is demand?
- The demand curve is another name for the relationship between price and quantity demand. Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences and disposable money.
- A good's possible pricing and the quantities that would be bought at those prices make up the fundamental link between supply and demand. The relationship is often negative, which means that a rise in price will result in a fall in the quantity demanded.
- The consumer demand curve's decreasing slope is a physical representation of this negative relationship. It makes sense and is obvious to assume that there is a negative association. It would be a significant price increase, for instance, if a gallon of milk went from being $5 to $15. Because the price has increased by such a large amount and is now absurdly high for the goods, consumers will no longer purchase as much of it for $15.
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