2015 · Q39
Demand for a commodity refers to
General KnowledgeIndian Economy
- ADesire for that commodity
- BNeed for that commodity
- CQuantity demanded of that commodity
- DQuantity demanded at certain price during any particular period of time
Explanation
In economics, 'demand' is not mere desire or need for a commodity, nor just the quantity demanded in the abstract. It is the quantity demanded at a certain price during a particular period of time — option D captures this precise definition.