The quantity of goods that producers or owners are prepared to sell at various prices at a particular moment is referred to as Demand.
Demand in economics refers to a consumer's desire to buy products and services as well as their readiness to pay a given price for them. The quantity demanded of an item or service typically decreases as its price rises. The amount demanded will rise in response to a decrease in the cost of a commodity or service.
Because it makes sense and organically happens throughout nearly any day, demand is a concept that both consumers and businesses are highly familiar with. For instance, customers who are keeping an eye on certain items may purchase more of them when the prices are low. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the Demand of price, such as a change in season.
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