What is meant by demand?
1 Answer
Demand means the quantity of goods and services which consumers would buy in a market at a given time and price. In order to change desire into demand. it is essential that the consumers should have both willingness and ability to pay.
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Write the meaning of various concepts of cost. Explain them. 1
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Explain the meaning and nature of total variable cost along with diagram 1
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Explain the meaning and nature of total cost along with diagram 1
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Differences between total fixed cost and total variable cost 1
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Differences between a Movement along and Shift in the Demand curve. 1
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Differences between Movement along a supply curve and shift in the supply curve 1