What is the definition of demand?

Demand is the willingness or ability of a consumer to purchase something, at a certain price, at a certain time.

FM
Answered by Francesco M. Economics tutor

1956 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

What is the effect of an indirect tax on the cigarette market?


Explain the concept of price elasticity of demand


Evaluate the possible impact on economic performance that may result from a government decision to bring cost-push inflation under control. (15 marks)


How does the imposition of a tariff on the market for cigarettes in Italy affect its consumers and producers?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences