x

What economists mean by demand

What economists mean by demand

Demand is not just a want. In economics, effective demand is the quantity of a good or service consumers are willing and able to buy at a given price in a given time period.

1.3.1 The determinants of the demand for goods and services Lesson

  1. A Level
  2. /Economics
  3. /1.3.1 The determinants of the demand for goods and services