Question on: JAMB Economics - 2023
Â
The quantity of commodity a consumer is willing and able to buy at a particular time is called
A
supply
B
wish
C
demand
D
desire
Ask EduPadi AI for a detailed answer
Correct Option: C
The quantity of a commodity that a consumer is willing and able to buy at a particular time is referred to as "demand." Demand is a fundamental concept in economics, representing the desire, willingness, and ability of consumers to purchase a certain quantity of a good or service at a given price and during a specific period.
Add your answer
Please share this, thanks!
No responses