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- verbdemand (verb) · demands (third person present) · demanded (past tense) · demanded (past participle) · demanding (present participle)OriginMiddle English (as a noun): from Old French demande (noun), demander (verb), from Latin demandare ‘hand over, entrust’ (in medieval Latin ‘demand’), from de- ‘formally’ + mandare ‘to order’.
- Demand refers to:
- A consumer's desire to purchase goods and services and willingness to pay a specific price for them1.
- The amount of a good or service consumers are willing and able to purchase at each price2.
- The description of all quantities of a good or service that a buyer would be willing to purchase at all prices3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them. An increase in the price of a good or service tends to decrease the quantity demanded. Likewise, a decrease in the price of a good or service will increase the quantity demanded.www.investopedia.com/terms/d/demand.aspEconomists 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.courses.lumenlearning.com/wm-microeconomics/c…Demand represents the buyers in a market. Demand is a description of all quantities of a good or service that a buyer would be willing to purchase at all prices.www.khanacademy.org/economics-finance-domain… Demand: How It Works Plus Economic Determinants and the …
Demand is the economic concept of how much consumers are willing to buy a good or service at a specific price. It depends on factors such as price, income, substitute goods, and preferences. Demand can be influenced by the law of demand, the demand curve, and the market equilibrium. Learn more about … See more
Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for … See more
Businesses can spend a considerable amount of money to determine the amount of demand the public has for their products and services. How many of their goods will they actually be able … See more
The law of demand states that when prices rise, demand will fall. When prices fall, demand will rise. The law of demand is simply an expression of the inverse relationshipbetween price and demand. It involves price only. … See more
There are five main factors that drive demand: 1. Product/service price 2. Buyer's income 3. Prices of substitute goods 4. Consumer … See more
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WEBThe web page you requested is not available due to an error. Khan Academy is a nonprofit that offers free online courses on various topics, including basic economics.
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