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.

True

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False

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Solution

The correct option is A
True

The given statement is true. Demand is the relationship between price and quantity demanded.

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Similar questions

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?

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

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

Q. The locus of points representing quantities of goods a consumer is willing and able to buy at different price levels is called .

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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.

The correct option is A True The given statement is true. Demand is the relationship between price and quantity demanded.

The correct option is A
True

The given statement is true. Demand is the relationship between price and quantity demanded.