Answer: Consumer demand is defined as the willingness of a consumer to buy goods and services at a given price during a specific period of time.
Explanation:
Consumer demand refers to a consumer desire to purchase goods (products) and service at various prices during a given period of time. An increase in price will make the consumer to demand less of the product while a decrease in price will make him or her to demand more of the product. Factors that can affect a consumer willingness to buy a product include: the price of the product, price of related product, taste and preferences and so on.
Answer:
the willingness and ability people have to buy a good.
Explanation:
