________ refers to the willingness and ability of buyers to purchase goods and services.

Question

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Demand refers to the desire, willingness, and ability of buyers to purchase goods and services. It is an essential concept in economics and helps determine the price and quantity of goods and services offered in the market. Understanding consumer demand is crucial for businesses to make informed decisions about pricing, production, and marketing strategies.

________ Refers to the Willingness and Ability of Buyers to Purchase