The meaning of demand

It may defined as quantity of a commodity which a consumer is willing and  ready to buy at a given price over a given period of time.It is important to stress here that demand for commodities only exist if a willing or desirous consumer is able  to pay for the commodity.Thus effective demand is desired by purchasing power(or money) The quality of a commodty  that people will buy at any one time will depend on the price.The higher the prce charged for an article the less the quality of it that people will be willing to buy,and vise versa.Normally a person will demand more of a commodity when the price is low.

Location: stend mandazi, KAKAMEGA , KENYA