Question

What is demand in economics ? elaborate pls

Answer 1

Demand is the quantity of goods and services that consumers are willing and able to buy at alternative prices over a given period of time.

Answer 2

Demand is a quantity of a commodity which a consumer wishes to purchase at a given level of price and during a specified period of time. In other words, demand for a commodity refers to the desire to buy a commodity backed with sufficient purchasing power and the willingness to spend.