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Explain the Following Concepts Or Give Definitions. Demand - Economics

Explain the following concepts or give definitions. 

Demand 

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Solution

 Demand for a commodity refers to the quantity of a commodity that a consumer is willing and is able to purchase at a particular price at any particular point in time. For example, a consumer demands 2 kg sugar at Rs 10 per kg and 3 kg sugar at Rs 8 per kg.

Concept: Demand
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