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Deborah Kitsi
Feb 27

What is demand?

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ChatGPT
Feb 27
Demand refers to the quantity of a good or service that consumers are willing and able to purchase at a given price and time. It is influenced by factors such as price, consumer preferences, income levels, and the availability of substitutes. Demand is a key concept in economics and is often represented graphically as a demand curve showing the relationship between price and quantity demanded.
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