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Explain the term demand

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asked Jul 27, 2021 in Business Studies Form 3 by anony mous

demand and supply
meaning of demand

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answered Jul 27, 2021 by anony mous

Refers to the quantity of a Commodity that buyers are willing to and able to buy at a given price over a given period of time

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answered Dec 7, 2022 by 0731310XXX

The ability of a commodity the buyer is able or willing to buy at given time and price

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The diagram below shows a shift of the demand of a given commodity from d0d0 to d1d1. Outline any four factors that could have led to the shift

asked Aug 12, 2021 in Business Studies Form 3 by anony mous

demand and supply
shift in demand

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1 answer

The demand for oranges doubled even if the price of the oranges remained the same over the same period. State four factors that may account for this.

asked Aug 3, 2021 in Business Studies Form 3 by anonymous

demand and supply

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1 answer

Give three other methods that may be used in determining the price other than through the forces of demand and supply.

asked Jul 27, 2021 in Business Studies Form 3 by anony mous

demand and supply
other methods of determining price of a product.

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1 answer

Give four factors that may affect the demand of a commodity.

asked Jul 27, 2021 in Business Studies Form 3 by anony mous

demand and supply
factors which influence demand for a product

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1 answer

Give the 2 types of goods which may NOT be affected by the law of demand.

asked Jul 27, 2021 in Business Studies Form 3 by anony mous

demand and supply
demand

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Explain the term demand

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