MACROECONOMICS(LL)W/SAPLING
MACROECONOMICS(LL)W/SAPLING
5th Edition
ISBN: 9781319198404
Author: KRUGMAN
Publisher: MAC HIGHER
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Chapter 3, Problem 5P
To determine

Concept Introduction:

Demand: The willingness of a buyer to purchase a commodity or service depending upon his purchasing power is termed as demand.

Market demand: The summation of all the individual demand prevailing in the market is referred to as the market demand.

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