Maharashtra State Board course HSC Science (Computer Science) 12th Board Exam
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Define Or Explain the Following Concept: Demand - Economics

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Question

Define or explain the following concept:

Demand

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.

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 Micheal Vaz Solution for Micheal Vaz Class 12 Economics (2019 to Current)
Chapter 3: Demand Analysis
Exercise | Q: 1.1 | Page no. 24
Solution Define Or Explain the Following Concept: Demand Concept: Types of Demand.
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