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

1843 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Explain how higher interest rates can impact the aggregate demand level in an economy and help close an inflationary gap?


Using diagrams, explain how the incidence of an indirect tax may be affected by the price elasticity of demand.


Explain price elasticity of demand and how this may impact government taxation


Discuss the possible consequences of the imposition of an indirect tax on cigarettes for the different stakeholders in the market.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences