What is demand?

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Amrita Jha

BBA | BMS | MBA & Commerce Tutor with an Online teaching experience since 2010

Demand means effective demand i.e willingness to buy a product backed by its ability to pay for it.
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Counselor and Trainer

Demand is a consumer's willingness to pay a price for the goods.
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One of the most important building blocks of economic analysis.
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Qualified Chartered Accountant passionate about teaching

The willingness and ability of consumers to buy products at any given price will create demand. Demand (at a particular price) = Willingness to buy + Ability to buy
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Demand in economics is how many goods and services are bought at various prices during a certain period of time. Demand is the consumer's need or desire to own the product or experience the service. It's constrained by the willingness and ability of the consumer to pay for the good or service at the...
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Demand in economics is how many goods and services are bought at various prices during a certain period of time. Demand is the consumer's need or desire to own the product or experience the service. It's constrained by the willingness and ability of the consumer to pay for the good or service at the price offered. read less
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The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. The demand curve is usually downward sloping, since consumers will want to buy more as price decreases. Demand for a good or service is determined by many different factors...
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The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. The demand curve is usually downward sloping, since consumers will want to buy more as price decreases. Demand for a good or service is determined by many different factors other than price, such as the price of substitute goods and complementary goods. In extreme cases, demand may be completely unrelated to price, or nearly infinite at a given price. Along with supply, demand is one of the two key determinants of the market price. The amount of particular economic goods or services that a consumer or group of consumers will want to purchase at a given price. read less
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In economics, demand is the utility for a good or service of an economic agent, relative to his/her income.
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It is a consumer's desire and willingness to pay a price for a specific good or service.
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Computer wizard

To call for or require as just, proper, or necessary.
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Item increased the demand curve high level.
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