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12-09-2022
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Demand is defined as a sincere desire for having a good. true false

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14-09-2022

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Question:. Demand is defined as a sincere desire for having a good true false

The given statement is true

Demand is defined as a sincere desire for having a good

What is demand ?

• Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them.

What is Determinants of Demand?

There are five main factors that drive demand:

•Product/service price

•Buyer's income

•Prices of substitute goods

•Consumer preferences

•Consumer expectations for a change in price

What is Law of Demand?

•The law of demand states that when prices rise, demand will fall. When prices fall, demand will rise.

To know more about demand visit the given link https://brainly.com/

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