Q.Answer within 30 words : What is demand?

Demand is the quantity of a good a consumer is willing and able to buy at a given price in a given time.

This 2-mark CHSE Odisha +2 Business Economics item defines a core concept.

Demand is not the same as desire. For a desire to become economic demand, three conditions must be present together:

1. Willingness to buy the good,
2. Ability (purchasing power) to pay for it, and
3. a reference to a particular price and a particular time period. …