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 …

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 …

May 10, 2025 · Demand is a consumer's willingness to buy something, and demand is generally related to the price that consumer would have to pay. Generally speaking, demand increases when prices …

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

DEMAND definition: to ask for with proper authority; claim as a right. See examples of demand used in a sentence.

1. When presented for payment: a note payable on demand. 2. When needed or asked for: fed the baby on demand.

Oct 14, 2024 · This comprehensive guide explores how demand works, the factors that influence it, the law of demand, the demand curve, and how it fits into macroeconomic policy.

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.