Download App

MICROECONOMICS CH : 5 THEORY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 5 THEORY OF DEMAND1 Mark
Question
Define demand.
✓

Answer

Demand refers to the desire to have a commodity backed by willingness and ability to purchase that commodity at given price during a period of time.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from MICROECONOMICS CH : 5 THEORY OF DEMAND→MICROECONOMICS CH : 5 THEORY OF DEMAND — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is the marginal product of an input?
→
What is variance?
→
Name the sources of secondary data.
→
How is Karl Pearson's coefficient of correlation defined?
→
How does range help in giving a broad picture of the data under study?
→
Name the steps for constructing cost of living index number.
→
Provision of healthcare facilities for all citizens via government is essential.(Positive, Normative )
→
What does a high value of 'r' indicate?
→
What does the distance between the line of equal distribution and the line of actual distribution show?
→
What is consumer's equilibrium?
→