Definition for Difference between revisions of "Demand"
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(Created page with "The quantity of a good that buyers would like to purchase during a given period at a given price in a competitive market economy. Category:Economics") |
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| − | The quantity of a good that buyers would like to purchase during a given period at a given price in a competitive market economy. | + | 1. The quantity of a good that buyers would like to purchase during a given period at a given price in a competitive market economy. |
| + | 2. The amount of product people need and will buy at a given price if free to do so. Theoretically, when demand is high and supplies limited, prices increase. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 14:13, 7 February 2018
1. The quantity of a good that buyers would like to purchase during a given period at a given price in a competitive market economy.
2. The amount of product people need and will buy at a given price if free to do so. Theoretically, when demand is high and supplies limited, prices increase.