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Demand for a good and consumer interest

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Julius S.
Jul 21, 2021

What is the difference between demand for a good and consumer interest in a good?

1 answer

Andrea T.
Jul 21, 2021

For economists, consumer interest in a good is broader and less reliable than actual demand for that good. People might have a vague interest in a good but neither the ability nor the willingness to actually purchase it at a specific price. In ascertaining demand, economists are looking for more precise information. They want to know how many people are actually willing and able to buy a good at a particular price.

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