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01-02-2024
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What is the definition of demand?

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lakshmibeerabbi lakshmibeerabbi

01-02-2024

Answer:

Market prices are determined via demand and supply. If the demand for a product is more than the supply, the prices seem to go up. If the supply of the product is more than the demand, the prices go down. This simple economic principle is easy to understand, but what is the definition of demand is something to ponder.

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