What represents the behaviour of buyers?

Question

Quizplus · Accepted Answer

The behaviour of buyers is represented by demand. Demand refers to the willingness and ability of consumers to purchase a product or service at a given price and time. It is affected by factors such as prices, incomes, tastes and preferences, and the availability of substitute products. Supply, on the other hand, refers to the quantities of goods or services that producers are willing and able to offer for sale at a given price and time. A market is a place where buyers and sellers come together to exchange goods and services. Competition refers to the rivalry among sellers who compete to attract buyers by offering better quality products, lower prices, or other incentives.

What Represents the Behaviour of Buyers