Demand
Concept in economics / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Consumer demand?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
For other uses, see Demand (disambiguation).
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] The relationship between price and quantity demand is also called the demand curve. Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' disposable income and tastes, and many other options.
This article needs additional citations for verification. (January 2020) |