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Demand - Wikipedia In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time [1][2] In economics "demand" for a commodity is not the same thing as "desire" for it It refers to both the desire to purchase and the ability to pay for a commodity [2]
DEMAND Definition Meaning - Merriam-Webster demand, claim, require, exact mean to ask or call for something as due or as necessary demand implies peremptoriness and insistence and often the right to make requests that are to be regarded as commands
Reading: What Is Demand? | Microeconomics - Lumen Learning Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective, they are the same thing Demand is also based on ability to pay
Demand Definition Meaning | Britannica Dictionary DEMAND meaning: 1 : a forceful statement in which you say that something must be done or given to you often + for; 2 : a strong need for something
Demand - Econlib When economists refer to demand, they usually have in mind not just a single quantity demanded, but what is called a demand curve A demand curve traces the quantity of a good or service that is demanded at successively different prices
Demand - Oveview, Types, How It Works, and Factors Demand is a principle that refers to a consumer’s willingness to pay for a good or service Assuming that all else is equal, a rise in the price of a good or service will result in a fall in the quantity demanded
The Demand Curve Explained - ThoughtCo In economics, demand is the consumer's need or desire to own goods or services Many factors influence demand In an ideal world, economists would have a way to graph demand versus all these factors at once