ROLE OF DEMAND IN AN INDIVIDUAL LIFE.

DEMAND :  It refers to the quantity of a good for which a consumer is willing to pay or purchase at various prices during to the given period of time .

                       The relationship between the price and the quantity is also known as the DEMAND CURVE.

EXAMPLE:

As we all know that flood hit Kerala ,in last few weeks the situations the so not good. People are still struggling with their life in few areas. As the supply of food ,water and electricity and many other basic needs get scare due to which automatically the demand of the those basic needs gets increases. Like we can relate the example as the drinking water get scare so if people use to buy the water in in Rs. 40 so after the demand of water increases they will charge more and they started taking Rs. 140/can..here it clearly showing the increase in demand which increases the price as well. And hence people have need of that so they’ll definitely buy that water can.