Q5. What do you mean by the demand of a commodity? a) Desire for the commodity b) Need for the commodity c) Quantity demanded of that commodity d) Quantity that consumers are able and willing to buy at various prices during any particular period of time

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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Q5. What do you mean by the demand of
a commodity?
a) Desire for the commodity
b) Need for the commodity
c) Quantity demanded of that commodity
d) Quantity that consumers are able and
willing to buy at various prices during any
particular period of time
Transcribed Image Text:Q5. What do you mean by the demand of a commodity? a) Desire for the commodity b) Need for the commodity c) Quantity demanded of that commodity d) Quantity that consumers are able and willing to buy at various prices during any particular period of time
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