what is the definition of demand?\no the amount of a good or service that consumers want or need\no the…

what is the definition of demand?\no the amount of a good or service that consumers want or need\no the amount of a good or service that a producer provides consumers\no the practice of consumers replacing one good with a similar good\no the practice of several producers selling the same product to consumers

what is the definition of demand?\no the amount of a good or service that consumers want or need\no the amount of a good or service that a producer provides consumers\no the practice of consumers replacing one good with a similar good\no the practice of several producers selling the same product to consumers

Answer

Brief Explanations:

Demand in economics refers to the quantity of a good or service that consumers are willing and able to buy at various prices during a given period of time. The first option best captures the basic idea of what demand is. The second option is about supply, the third is about substitution, and the fourth is about competition among producers.

Answer:

the amount of a good or service that consumers want or need