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Essay

DEMAND

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Issue:

Business

 

Written by:

Pablo C

 

Date added:

May 11, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

12 / 3085

 

Was viewed:

2036 times

 

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Essay content:

For example, part of the book market now exists on the Internet. DEFINITION:- In economics demand is not the same thing as desire, or need, or want. This is because the strength of the desire for something will not, in itself, have any influence on the price of the item. Only when desire is supported by the ability and willingness to pay the price does it become an effective demand and have an influence on the market...
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Only when desire is supported by the ability and willingness to pay the price does it become an effective demand and have an influence on the market. Demand, in economics, means effective demand and may be defined as ‘the quantity of the commodity which will be demanded at any given price over some given period of time...
displayed 300 characters

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