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24-03-2021
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14) What are the two parts of demand?

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topeadeniran2 topeadeniran2

29-03-2021

Answer: The two parts of demand are:

• Willingness to buy

• Ability to pay

Explanation:

Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.

There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.

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