Meri Kalam Se Digital Diary Create a free account



What is the demand and elasticity of demand


The meaning of demand demand for a commodity refer to the quantity of a commodity which a consumer is willing to buy a given price in a given period of time according to vanhum the demand for anything at a given price it is amount of it which will about per unit of time at that price similarly bubble wrote Town by demand the various quantities of a given commodities service which consumer would by in one market in a one given period of time... factor affecting demand or determination of demand demand for a good is determined by several factor is factor are economics social as well as critical also price of the comedy it is the most important factor affecting the demand for a commodity the quantity demanded of a commodity at a particular piles is Kano as price demanded the exciting price as well as the expected change in prize both effect the demand for that commodity generally demand for a commodity increase when its price falls in the same way is the price increase the demand will fail... law of demandal of demand Express is the functional relationship between price and quantity demand it is the used on the very common human behaviour generally if the price of a commodity Falls the demand for that commodity goes up the vice versa it means that there in a inverse relationship between price and quantity demand




Leave a comment

We are accepting Guest Posting on our website for all categories.


Comments