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Question

Demand for a commodity refers to _____.

A
amount of the commodity demanded at a particular price and at a particular time
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B
need for the commodity
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C
quantity demanded of that commodity
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D
desire for the commodity
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Solution

The correct option is A amount of the commodity demanded at a particular price and at a particular time

The demand for a commodity is its quantity which consumers are able and willing to buy at various prices during a given period of time


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