Market demand is the sum of demands of all individuals willing and able to buy a particular product or service.

Name: Market demand is the sum of demands of all individuals willing and able to buy a particular product or service.
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Question

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Market demand refers to the total demand for a product or service from all potential buyers in a particular market. It takes into account the willingness and ability of each individual consumer to buy the product or service at a particular price.

Market Demand Is the Sum of Demands of All Individuals