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Q: What are the elements of demand are willingness and ability to purchase the product?
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The general willingness of consumers to purchase a product at various prices is .?

Demand is the general willingness of consumers to purchase a product at various prices.


What economic term means the willingness of consumers to purchase a specific amount of a product at different prices?

Demand is the economic term meaning the willingness of consumers to purchase a specific amount of a product at different prices.


What three factors determine the demand for a product?

The desire, ability, and willingness to buy a product


What economic term means willingness of consumers to purchase a specific amount of a product at different prices?

Demand is the willingness of consumers to purchase a specific amount of a product at different prices.


Which term means the willingness of consumers to purchase a specific amount of a product at different prices?

Demand is the economic term meaning the willingness of consumers to purchase a specific amount of a product at different prices.


Which influence on spending deals with the motivation to purchase a product?

the price of the product and the willingness of the consumer to purchase the product impact the demand of the product by the consumer. lower the price, higher will be the demand and higher is the motivation level to buy the good.


What determines a demand for a product?

Purchase power,income level,necessarity,willingness


What is the economic term that means the amount that consumers will purchase or consume at a specific price?

Demand is the willingness of consumers to purchase a specific amount of a product at different prices.


The general willingness of firms to produce and sell a product at various prices is?

The general willingness of firms to produce and sell a product at various prices is known as supply.


What is Product development?

Product development is often viewed as a science, with a set of methodologies and processes that can be followed to bring a product to market. However, the reality is that product development is much more of an art than a science. It requires creativity, intuition, and a willingness to take risks and try new things. One of the key elements of product development as an art is the ability to identify and solve problems. This requires a deep understanding of customer needs and a sensitivity to their wants and desires. A good product developer must be able to translate these needs into a product that is both functional and aesthetically pleasing.


Where can you purchase the product Britesmile?

You can purchase the product Britesmile from their website. You can also purchase it from your dentist.


Suply and demand?

Supply And Demand.Demand:- it consists of two components 1. Desire. 2. Ability.the desire component is important in the sense that only having desire for a product or service does not create demand for a product. The desire should accompany the ability component to create demand for a product and service. Therefore, we can say that demand is willingness and ability to buy something.Supply:- it means the availability of a product and service in the market.According to the law of demand and supply, when demand increases, supply shrinks which leads to increase in prices.