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Demand for any commodity implies Is not relevant to the economy. The consumers' desire to acquire the good, the willingness and ability to pay for

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Demand for any commodity implies Is not relevant to the economy. The consumers' desire to acquire the good, the willingness and ability to pay for it. Describes the difference between the price a consumer is willing to pay and the price they actually pay. Describes producer's willingness to sell a good or service at a given price

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