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Today, 15:58

What is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service?

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  1. Today, 16:22
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    That would be demand.

    Demand refers to what people want to buy, and what they are willing to spend their money on to get or achieve, what particular goods or services they want to gain by paying a certain amount of money in order to do that. It is a term related to business and economic terminology.
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