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- DictionaryDe·mand/dəˈmand/
noun
- 1. an insistent and peremptory request, made as if by right: "a series of demands for far-reaching reforms"
verb
- 1. ask authoritatively or brusquely: "“Where is she?” he demanded"
Learn the various meanings and uses of the word demand as a noun and a verb, with synonyms, examples, and etymology. Find out how demand relates to economics, law, and grammar.
noun. an urgent or peremptory requirement or request. something that requires special effort or sacrifice. a demand on one's time. the act of demanding something or the thing demanded. the kidnappers' demand was a million pounds. an insistent question or query.
Learn the meaning of demand as a verb and a noun in English, with synonyms, antonyms, and idioms. Find out how demand is used in commerce, economics, and business contexts.
- What Is Demand?
- Understanding Demand
- Determinants of Demand
- The Law of Demand
- Demand Curve
- Market Equilibrium
- Market Demand vs. Aggregate Demand
- Macroeconomic Policy and Demand
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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. Demand is a concept that...
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 to sell at any given price? Incorrect estimations can result in lost sales from willing buyers if demand is underestimated or losses from leftover inventory if deman...
There are five main factors that drive demand: 1. Product/service price 2. Buyer's income 3. Prices of substitute goods 4. Consumer preferences 5. Consumer expectations for a change in price As these factors change, so can the demand for a product or service. In fact, they change all the time, so demand can be constantly in flux.
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. None of the other drivers of demand mentioned above are involved. If they do come into play, the functioning of the law can be af...
A demand curve is a graph that displays the change in demand resulting from a change in price. It's a visual representation of the law of demand. The demand curve can be a useful tool for businesses because it can show them the prices at which consumers start buying less or more. It can point out prices at which a company can maintain consumer dema...
The point where supply and demand curves intersect represents the market clearing or market equilibrium price. An increase in demand shifts the demand curve to the right. The two curves then intersect at a higher price, which means consumers are willing to pay more for the product. Equilibriumprices typically change for most goods and services beca...
The market for each good in an economy faces a different set of circumstances, which vary in type and degree. In macroeconomics, we also look at aggregate demand in an economy. Aggregate demandrefers to the total demand by all consumers for all goods and services in an economy across all the markets for individual goods. Since aggregate demand incl...
Fiscal and monetary authorities, such as the Federal Reserve, devote much of their macroeconomic policy-making to managing aggregate demand. If the Fed wants to reduce demand, it can raise interest rates and increase prices by curtailing the growth of the money supply and credit. If it needs to increase demand, the Fed can lower interest rates and ...
Demand is the economic concept of consumers' desire and willingness to buy goods and services at different prices. Learn how demand is affected by various factors, how it is measured by the demand curve, and how it relates to supply and equilibrium.
When you demand something, you want action now. A demand can also mean "to require" like cold weather that demands warm coats and boots. Demand is also an economic term, meaning "the amount of an item that can be sold," like the demand for those snow boots: high in winter and nonexistent in summer.
Learn the meaning, pronunciation and usage of the noun demand in English. Find out how to use demand in different contexts, such as requests, needs, desires, and demands on somebody.
1 day ago · Learn the meaning and usage of the word demand as a verb, noun, and adjective. Find out the synonyms, pronunciation, grammar, and word frequency of demand in British and American English.
