Demand and Determinants of demand
Demand, is the quantity of a goods or commodity , which a consumer is both, willing , and able to buy, at each possible price during a given period of time.
The definition of demand highlights four essential elements of demand:-
(i) Quantity of the commodity
(ii) Willingness of consumer to buy the commodity
(iii) Price of the commodity at each given level of Quantity of the commodity
(iv) Period of time