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Consumption Analysis — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsConsumption Analysis2 Marks
Question
Write the characteristics of demand?
✓

Answer

Characteristics of demand:

  1. Price: Demand is always related to price.
  2. Time: Demand always means demand per unit of time, per day, per week, per month on per year.
  3. Market: Demand is always related to the market, buyer, and sellers.
  4. Amount: Demand is always a specific quantity that a consumer is willing to purchase.

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