The desire and willingness of customers to purchase certain amounts of brand goods or services at particular price levels is best described as: demand.
- The quantity of a good that consumers are willing and able to buy at different prices during a specific time period is known as demand in economics.
- A shift in consumer preference to buy a specific good or service, regardless of a change in price, is referred to as a change in demand. Changes in consumer preferences, income levels, or the price being charged for a comparable product could all be the cause of the change.
- According to the rule of demand, as a good's price drops, so does the quantity that is sought for. In other words, according to the law of demand, the demand curve is always downward sloping as a function of quantity and price.
Thus this is the answer.
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