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Understanding Demand in Economics

Explore the concept of demand in economics, which refers to the desire and affordability of goods by consumers across different price ranges. Learn about quantity demanded, the relationship between price and consumer willingness to purchase, and more.

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Understanding Demand in Economics

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  1. Demand By Ervin Mafoua-Namy

  2. What is Demand? Demand means the amount of goods that consumers desire and can afford to buy over a range of prices.

  3. Quantity Demanded The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship

  4. Bibliogrpahy "Introduction to Demand in Economics | Socyberty." Socyberty | Society on the Web. Web. 31 Aug. 2009. <http://socyberty.com/economics/introduction-to-demand-in-economics/>. "Economics Basics: Demand and Supply." Welcome to Investopedia.com - Your Source for Investing Education. Web. 31 Aug. 2009. <http://www.investopedia.com/university/economics/economics3.asp>.

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