________ refers to how much of a product or service people want to buy at any given time.

Question

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Demand refers to the amount of a product or service that consumers are willing and able to purchase at a specific price and time. It is affected by various factors such as income, price levels, consumer tastes and preferences, among others. Understanding demand is critical for businesses as it helps in determining the price level, production level, and overall sales strategy.

________ Refers to How Much of a Product or Service