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

2401 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Under what conditions can a firm sell the same product at different prices?


Distinguish between the concepts of income elasticity of demand (YED) and cross price elasticity of demand (XED)


Using the Keynesian AD/AS diagram, explain why an economy may be in equilibrium at any level of real output


Why does the government have to take the multiplier effect into account?


We're here to help

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

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning