Demand Answers
Definition: Demand is how much (quantity) of a good or service a buyer is willing and able to purchase at a particular price.
Example: My demand for apples at $2 is 4 apples, while my demand for apples at $3 is 3 apples.
1. High demand because she is willing to buy a large quantity of concert tickets.
2. False. Only the consumer demands, not the producer.
3. Increases.
Definition: Demand is how much (quantity) of a good or service a buyer is willing and able to purchase at a particular price.
Example: My demand for apples at $2 is 4 apples, while my demand for apples at $3 is 3 apples.
1. High demand because she is willing to buy a large quantity of concert tickets.
2. False. Only the consumer demands, not the producer.
3. Increases.