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a) Total market value of demand = £12.5 million
b) Market price of £12.50 c) 2,000 units per day at £1 each in the UK d) Potential demand for sales of10,000 units per year
c) 2,000 units per day at £1 each in the UK
Demand should refer to the volume that people are prepared to buy at a specified price within a specified area.
C is the answer. Demand is defined as the desire and willingness of the consumer to buy a product. From the definition which customer UK customers, How much they need (desire) to buy -2000 units per day and at what cost they will buy £1. It more clear than the other choices.
I am little confused now , will you please explain me in detail ? why answer C ( only ) is True ?
Which of the following statements is most correct in defining demand for a product?
c)2,000 units per day at £1 each in the UK
c) 2,000 units per day at £1 each in the UK
Agree with experts <<<<<<<<<<<<<<
Agreed with the Experts ...............
Option C) is correct because it clearly states the number of units ordererd per day, and this is the way we can calculate/define demand for a product on the accrual basis not on the Assumptions....
whereas the other options does not provide suitable data to clearly define demand as on the actual basis...
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟