Demand is the and to buy a given good or service

Demand is the need and opportunity to buy a given good or service

Explanation

Demand is a fundamental concept that shows the consumer's need or desire to purchase goods according to their will.

The consumer is ready to pay the necessary amount required for the concerned product.

There are two types of demand- individual demand and market demand.

Individual demand refers to the necessary demand for certain product or services by a single consumer while market demand refers to the demand for one product by the majority of consumers.

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