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26 May, 09:31

What are two variables needed to calculate demand?

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  1. 26 May, 10:33
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    "Price and quantity" are the two variables that are needed to calculate demand.

    Demand refers to the amount or quantity that a man is both willing and ready to consume at each cost in a given time period, by keeping every single other thing consistent. When Price and quantity shift conversely by keeping all different things constant, it refers to the law of demand.
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