Demand Introduction Online Economics class 12 Notes Demand – definition “The amount of a artefact that client is willing to shop for at a selected value throughout a selected amount of time” The demand definition highlights value of a artefact, amount of a artefact and amount of your time. Types of Demand Price Demand The quantity demanded by a client because of the amendment in value. It refers to the number of artefact the patron is willing to shop for at a given value and time. There ar 2 varieties of value demand- (i) Individual Demand When one client demand for a artefact. Thus, individual demand refers to the number of a artefact that a private is willing to shop for at a selected value throughout a selected amount of your time. (ii) Market Demand Market demand is accumulation of demand by all the people. It refers to the whole amount of a artefact that every one the customers ar willing to shop for at a selected value throughout a s
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