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Bookmark or Share- Demand: How It Works Plus Economic Determinants and the Demand CurveWhat Is Demand? Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price...
- DEMAND | English meaning - Cambridge Dictionarydemand verb [T] (REQUEST) Add to word list. B1. to ask for something forcefully, in a way that shows that you do not expect to be refused: I demanded an explanation. The union is demanding a seven percent pay rise this year. He has always demanded the highest standards of behaviour from his children.
- What Is the Law of Demand in Economics, and How Does It Work?The law of demand is a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of a good. Demand is derived from the law of diminishing...
- Law of demand (article) | Demand | Khan AcademyKey points. The law of demand states that a higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand curves and demand schedules are tools used to summarize the relationship between quantity demanded and price.
- demand noun - Definition, pictures, pronunciation and usage notes ...[uncountable, singular] the desire or need of customers for goods or services that they want to buy or use. Demand is exceeding supply. It is becoming more difficult for us to meet demand. demand for something/somebody Consumer demand for organic foods continues to increase rapidly. We are struggling to satisfy the demand for the product.
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