What economists mean by demand
What economists mean by demand
Demand is the quantity of a good or service that consumers are willing and able to buy at different prices over a period of time. "Willing and able" matters because wanting something without being able to pay for it is not demand.
Step-by-step lessons covering OCR GCSE Economics Demand for GCSE Economics. Each lesson works through exam-style questions in Component 01 and Component 02 format. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.