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Explain the concept of Demand in simple words. - Economics

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प्रश्न

Explain the concept of Demand in simple words.

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उत्तर

In economics, demand is defined as the desire for a commodity, readiness to buy, and purchasing capacity to pay. According to Prof. Benham, demand for a product or service at a given price is the number of units purchased per unit of time.

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अध्याय 2: Demand and Law of Demand - TEST QUESTIONS [पृष्ठ २.१९]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 2 Demand and Law of Demand
TEST QUESTIONS | Q A. 1. | पृष्ठ २.१९
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