What are two different ways in which we usually express information about the demand for a good service or resource?

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Business

Dylan Hunter

4 February, 17:06

What are two different ways in which we usually express information about the demand for a good service or resource?

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Aspen Hayes · Answer 1

The two different ways in which we usually express information about the demand for a good service or resource are the demand schedule is equal to the demand curve.

Explanation:

Demand refers to a consumer's appetite and willingness to buy products and services and to pay the price for a particular good or service. Keeping all the other variables steady will decrease the amount required by increasing the price of a good or service and vice versa.

Usage means the potential of consumers to buy goods and services at certain prices.

It can be either market demand for a particular commodity or aggregate demand for all products in such an economy.

Demand decides, in conjunction with supply, the actual cost and the quantity of goods which increase in value on the market.