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When a consumer is able and willing to buy a good or service he or she creates a demand.

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Gerda O'Conner

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3y ago

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When you purchase goods or services what does it create?

When a consumer is able and willing to buy a good or service he or she creates a demand.


When a consumer is able and willing to buy a good or service what does she or he create?

simply trade.


Consumer who are willing and able to purchases a product or service create an economic situation referred to as which of the following?

demand


The consumer must be willing and able to buy the good or service and the?

Demand must be less than supply ;)


What is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period?

demand


Is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period?

Demand


What is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period.?

demand


Is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period.?

demand curve


The definition of demand contains two important conditions The consumer must be willing and able to buy the good or service and what?

Demand for a good must be for a specific time


The definition of demand contains two important conditions. The consumer must be willing and able to buy the good or service and the .?

Demand for a good must be for a specific time


What are the basic elements of demand?

The basic elements of demand are price, consumer preferences, income levels, and the prices of related goods. These factors influence the quantity of a product or service that consumers are willing and able to purchase at a given price.


Consumers who are willing and able to purchase a product or service create an economic situation referred to as?

Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.