Question

My sister Grace and I like to make bead bracelets. We always receive compliments on the bracelets we make, so we decided to make 20 bracelets to sell for $3 each. People were so eager to buy the bracelets that our supply quickly ran out. In fact, demand for the bracelets was so great that we couldn’t make them fast enough to fill the orders we received.

What is the most likely meaning of demand?


the total number of products available

the cost of materials to make a product

the competition among products

the desire to buy a product

Answer 1

Answer:

The total number of prouducts available

Explanation:

I took the test

Answer 2

The correct option is A.

Demand means the total number of products available.

What do u mean by demand?

Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease the quantity demanded, and vice versa.

What are the demands and examples?

If movie ticket prices declined to $3 each, for example, demand for movies would likely rise. As long as the utility from going to the movies exceeds the $3 price, demand will rise. As soon as consumers are satisfied that they've seen enough movies, for the time being, demand for tickets will fall.

Learn more about demand here https://brainly.com/question/1245771

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