Demand

economic model of price determination in microeconomics

In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. In economics "demand" for a commodity is not the same thing as "desire" for it. It refers to both the desire to purchase and the ability to pay for a commodity.

responsiveness of the quantity demanded of a good or service to a change in its price

total amount of demand for goods and services in an economy

graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price

concept in market economics

transport economics term; when increase in supply results in a decline in price and an increase in consumption

responsiveness of demand for goods with respect to income change

principle in economics

equation in economics

responsiveness in the quantity demand of one good when a change in price takes place in another good

sudden economic event that temporarily changes consumer demand, with accompanying shift in pricing pressure

demand in a constrained marketplace

process of making future estimations in relation to customer demand over a specific period

function that specifies what the consumer would buy in each price and income or wealth situation, assuming it perfectly solves the utility maximization problem

type of inflation where aggregate demand increases faster than aggregate supply

massive oversupply of crude oil in the 1980s

demand of a consumer over a bundle of goods that minimizes their expenditure while delivering a fixed level of utility

a demand curve featuring a concave, non-differentiable bend, leading to a leads to a jump discontinuity in the marginal revenue curve, used as a model of oligopoly and monopolistic competition

demand for a factor of production that occurs as a result of the demand for another (e.g. final) good

condition in which consumer demand is manipulated through mass-marketing

methods andactivities used to forecast, plan for and manage the demand for products and services.

economic model

creation of economic demand by deliberately influencing consumers

economic concept

function expressing price as a function of quantity demanded