Demand is the quantity of a commodity that the consumer is able or willing to ____.

buy

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sell

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borrow

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lend

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Solution

The correct option is A buy
Demand is the quantity of a commodity that the consumer is able or willing to buy. When we pay the price to buy goods and services, we become the buyer and create a demand.

For example, you buy 5 chocolates for the price of ₹1 per chocolate. So the demand is ₹5. If the price of one chocolate increases to ₹2 rupees, you might buy only 3 chocolates. Then the demand would be 3.

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Similar questions

Q. Demand is the quality of a commodity that the consumer is able or willing to buy.

Individual demand refers to the quantity of the commodity that a consumer is able and willing to buy at each possible price during a given period of time.

Q.
Quantity demanded is a specific amount of a commodity that the consumer is ready to buy against a specific price at a particular time.

Q. a. What is demand? Explain how quantity demanded of a commodity X will be affected by
i. An increase in the price of its substitutes
ii. Consumer credit facility
iii. Government policy.

Which of the following refers to the various quantities of a commodity that the consumer is willing to buy at different possible prices of that commodity?

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