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 …

3 days ago · Price elasticity of demand is an economic ratio that represents how a change in price affects a product's demand.

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 …

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 …

What does demand mean in economics? Demand in economics refers to the quantity of a product or service that consumers are both willing and able to purchase at different price levels over a …

Sep 15, 2024 · Learn the definition of demand in economics, explore seven different types of demand and the relationship between supply and demand.

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