DEMAND:
Desire,willingness and the ability of the consumer to buy a particular good or service.
Ex:
Today i was booking a cab from yelachenahalli to IBA. No cabs are available at that time so it was showing higher prices. As the demand was more for the cabs and it was charging more price than earlier.Here I faced the demand problem and paid more price for the cab.
Desire,willingness and the ability of the consumer to buy a particular good or service.
Ex:
Today i was booking a cab from yelachenahalli to IBA. No cabs are available at that time so it was showing higher prices. As the demand was more for the cabs and it was charging more price than earlier.Here I faced the demand problem and paid more price for the cab.
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