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Demand, quantity demanded, and ceteris paribus

Demand, quantity demanded, and ceteris paribus

Demand is the quantity of a good or service consumers are willing and able to buy at different prices over a given time period, ceteris paribus. Wanting something is not enough if the buyer cannot actually afford it.

1.2.2 Demand Lesson

  1. A Level
  2. /Economics
  3. /1.2.2 Demand