What is demand?

Asked by Last Modified  

14 Answers

Learn BA Tuition

Follow 9
Answer

Please enter your answer

Amrita Jha

BBA | BMS | MBA Tutor | 20+ Years Experience | Visiting Faculty & Soft Skills Trainer

Demand means effective demand i.e willingness to buy a product backed by its ability to pay for it.
1 Comments
Dislike Bookmark

Counselor and Trainer

Demand is a consumer's willingness to pay a price for the goods.
Comments
Dislike Bookmark

Tutor

One of the most important building blocks of economic analysis.
Comments
Dislike Bookmark

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
Comments
Dislike Bookmark

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...
read more
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
Comments
Dislike Bookmark

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...
read more
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
Comments
Dislike Bookmark

In economics, demand is the utility for a good or service of an economic agent, relative to his/her income.
Comments
Dislike Bookmark

It is a consumer's desire and willingness to pay a price for a specific good or service.
Comments
Dislike Bookmark

Computer wizard

To call for or require as just, proper, or necessary.
Comments
Dislike Bookmark

Item increased the demand curve high level.
Comments
Dislike Bookmark

View 12 more Answers

Related Questions

What is the difference between IGCSE and CBSE ?
CBSE is Central Board of Secondary Education whereas IGCSE is International General Certificate of Secondary Education. Students from any Boards can join IGCSE Board in the 9th grade whereas aspirants...
Oscar Sivale
What is big data ?
Big data can be described as huge amounts of data that is handled by special software tools.
Singamaneni
1 1
8
Can you tell me all about tenses?
The concept of tense in English is a method that we use to refer to time - past, present and future. We cannot talk of tenses without considering two components of many English tenses: time and aspect....
Gunjan
where to learning anchoring related course
massCommunication
Himanshu
do you have course for management personalty development
Dear Nitu, There are no specific courses available for management personalty development. However personality development classes available in the market. However depending upon the type of skill you...
Nitu

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Manage Your Manager
You may ask me why I need to manage my manager or the way I prefer to call it – Lead my boss? Let’s see why! Because it: Makes your job easy. If she is on your side, your chances of climbing...

Ritu M.

0 0
0
CBSE class 6 Science Chemistry Chapter water
Water Q1: We do not use water for making products in industries. True/ False View Answer Ans: False Q2: We get water from: River Lakes Well All of these View Answer Ans: All...

K. B.

0 0
0
Digital Photography Lighting for Picture-Perfect Photos
Digital photography can be maximized to its full potential once you have the perfect camera, the proper color and the perfect lighting. Even if you have with you the latest model of digital camera, your...

Photo

1 0
0
For All The New Developers
Language to use: Any language that you are learning. Interface: Web or Desktop Function: Simple calculator (9 digits + symbol) with 1 Memory storage with possible function of + - * / Error Handling...
R

Rajat Taheem

0 0
0
Golgi complex 05

Mohit Kumar

0 0
0

Recommended Articles

6 Bachelor of Arts (BA) Subjects That Promise...

Most of the students decide what stream they are going to choose at the school level. Science, commerce and arts are the main fields, and students need to choose any one between these three. Although there are many such professional courses available, most students like to select one of these three streams. In college,...

Read full article >

10 Tips For Your College Dissertation Project

Whether you are doing graduation or post graduation, no college student can escape from the misery of college dissertation. College dissertation is a detailed research project on a topic of your choice, approved by professors. At the beginning of the dissertation you have to set a hypothetical aim and at the end, you have...

Read full article >

Common Rules to Follow for College Students

During the last days in school, every student waits for their college life. It is, of course, exciting to get admission in your dream college with the course you wanted to pursue. Its your effort and struggle that makes you part of the college that you aimed for. Yet, once the first month passes all students forget their...

Read full article >

7 key skills to develop while you are in college

Whatever you learn in college is no doubt very important and forms the base for your future professional career. However, lack of hands-on experience, business oriented skills and interpersonal skills, among fresh graduates are making them unfit for employment in competitive business environment. Today organizations operate...

Read full article >

Find BA Tuition near you
BA Tuition in Delhi
BA Tuition in Bangalore
BA Tuition in Kolkata
BA Tuition in Hyderabad
BA Tuition in Mumbai
BA Tuition in Chennai
BA Tuition in Pune
BA Tuition in Noida
BA Tuition in Chandigarh
BA Tuition in Gurgaon

Looking for BA Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you