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Q. |
What is needed for creating demand? |
A. | Production |
B. | Price |
C. | Income |
D. | Import |
Answer» A. Production | |
Explanation: 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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