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AAK

· started a discussion

· 1 Months ago

DOUBT (Question: 220492.0 )

WHY NOT AGGREGATE DEMAND?

Question:
Demand in Economics means —
Options:
A) Aggregate demand 
B) Market demand 
C) Individual demand 
D) Demand backed by purchasing power
Solution:
Ans: (d) Demand is an economic principle that describes a consumer’s desire and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa.

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