Demand Theory [PPT]


Demand can be defined as the willingness and ability of consumers to purchase a given amount of a good or service at a given price. In other terms, demand for any commodity is the desire, ability and willingness to buy a product or service. Sources of Internal FinanceElasticity of DemandLimitations of Diminishing Marginal Utility < … Read more

Theory Of Demand | Detail Analysis

Theory of Demand

Demand Demand means desire to have a commodity backed by the willingness and ability to pay for the commodity demanded. Preferences and choices are the basics of demand. Theory of Demand describes the way that changes in the quantity of a goods or service demanded by consumers affects its price in the market. Economics is … Read more