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Question
The demand for rice by all the people in your area will be called as ______ demand.
Options
Individual
Social
Market
Society
Solution
The demand for rice by all the people in your area will be called market demand.
Explanation:
Market demand refers to the total demand for rice in a given area, such as a city or region. Market demand is the total amount of a specific commodity or service that all customers in a given market are willing and able to acquire at various prices within a defined time period.
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