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demand is when a customer is demanding something
want is when a customer wants something
and desire is when a customer really want something
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Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
What is the difference between demand wants and desire?
demand is when a customer is demanding something want is when a customer wants something and desire is when a customer really want something
What is the main difference between need and demand in economics?
The main difference between need and demand in economics is the purchase power. A want refers to a service or a good that is desired by a customer that is not necessarily required to sustain life while demand refers to the quantity of goods and services that the consumers are willing and able to buy at the range of prices.
What is the difference between a term security and a demand security?
distinguish between a term security and a demand security
What is the difference between demand and exchange?
Demand is to ask for something forcibly. Exchange is to trade.
Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
Difference between Demand Want and Desire?
Want - something nice to have, perhaps even a luxury Need - necessity to carry out your tasks in day to day life Desire - a heartfelt longing
What is the difference between a need want and a demand?
A need is something that is necessary i.e. food, waterA want is something that you desire but is not necessary i.e. a fast car, fancy clothes.A demand is a request for a need or want to be fulfilled i.e. a baby demands food so the parent gives it to them.
What is the difference between a demand schedule and a demand curve?
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
What is the difference between demand function and demand schedule?
Demand schedule: a list of demand/price equivalencies. It can best be seen as a table with discrete points. Demand function: a continuous function of price-demand interaction. Main difference: schedule is discrete; function is continuous.
What is the different between want and wants?
what is the difference between want and wants
The difference between wants and demands?
A want is a good or service desired by a consumer that is not required to sustain life. This is as opposed to a need, which is a good or service required to sustain life. Most of the goods and services desired by modern-day consumers are classified as wants, as the only needs of most consumers are food, water, clothing and shelter.Demand is the quantity of a good or service that a consumer(s) is willing and able to buy at a range of prices. If a consumer is willing and able to purchase a need/want, they are considered to have demand for that need/want.
