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Question
State the meaning of quantity demanded of a commodity
State the meaning of quantity demanded of a commodity
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Solution
Quantity demanded of a commodity refers to that quantity of any commodity that people are willing to buy at a particular price at a particular time.
Also read:
- Consumer Equilibrium in Case of Two Commodity
- Simple Monopoly in the Commodity Market
- Marginal Propensity to Consume
- Marginal Propensity to Save
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Quantity demanded of a commodity refers to that quantity of any commodity that people are willing to buy at a particular price at a particular time.
Also read:
- Consumer Equilibrium in Case of Two Commodity
- Simple Monopoly in the Commodity Market
- Marginal Propensity to Consume
- Marginal Propensity to Save
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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