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