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In economics, what does the term "demand" refer to?a)The urgent request for goods or services.b)The willingness and ability to purchase a good or service.c)The supply of goods and services in the market.d)The cost of production for a specific product.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In economics, what does the term "demand" refer to?a)The urgent request for goods or services.b)The willingness and ability to purchase a good or service.c)The supply of goods and services in the market.d)The cost of production for a specific product.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In economics, what does the term "demand" refer to?a)The urgent request for goods or services.b)The willingness and ability to purchase a good or service.c)The supply of goods and services in the market.d)The cost of production for a specific product.Correct answer is option 'B'. Can you explain this answer?.

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