What is a demand in economics term??

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asked Dec 23, 2017 50.7k views

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Wfehr · Answer 1 · 2017-12-28T14:47:00+0000

Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa.

What is a demand in economics term??

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