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14) What are the two parts of demand?
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14) What are the two parts of demand?

User Emanuel Landeholm
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1 Answer

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4 votes

Answer: The two parts of demand are:

• Willingness to buy

• Ability to pay

Step-by-step explanation:

Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.

There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.

User Hoghweed
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