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Economics miscellaneous

  1. What is needed for creating demand ?
    1. Production
    2. Price
    3. Income
    4. Import
Correct Option: A

Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. So for demand to originate, a product is required first.



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