n economics, demand is the desire to own anything, the ability to pay for it, and thewillingness to pay . The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
en.wikipedia.org/wiki/Demand_(economics)
-Jr
300,000 during 2 oclock and 1 dollar for rest of hours.
demand curve
supply
demand
Demand
demand curve
Demand
The term for that definition is effective demand
demand
Demand
demand
demand curve
Demand
The term for that definition is effective demand
The term for that definition is effective demand
Consumer surplus is the amount a buyer is willing to pay minus the amount the buyer actually pays.
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price for the product). The level of consumer surplus is shown by the area under the demand curve and above the ruling market price as illustrated in the diagram below:
the cost
supply
Demand