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Demand

Demand

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Published by emmanuel

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Categories:Types, Business/Law
Published by: emmanuel on Sep 17, 2009
Copyright:Attribution Non-commercial

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07/17/2011

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DEMAND
DEWETT Page nos 85/95
 
 
DEMAND
The word demand refers to thequantity of a commodity or servicethat the consumers are –
Willing to Purchase
Able to purchase
At various prices during a period
“ 
Demand is an effective desire-
 
 
Demamd
The word effective desire includes thefollowing 5 elements
Desire
Means to purchase ( if a poor man desiresfor a car, his desire cannot be calleddemand)
Willingness to use those “ Means to fulfillthe desire”- if a rich miser desires for a car,then his desire will not be called demand,also there is desire and means to purchase.

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