Demand
In economics, demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. (see also supply and demand). The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
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Famous quotes containing the word demand:
“The health of the eye seems to demand a horizon. We are never tired, so long as we can see far enough.”
—Ralph Waldo Emerson (1803–1882)
“You can’t stand up against me. You haven’t got the strength. You’ll do as I say. I demand that you give up this man. I demand that you send him away.”
—Muriel Box (b. 1905)
“You are right to demand that an artist engage his work consciously, but you confuse two different things: solving the problem and correctly posing the question.”
—Anton Pavlovich Chekhov (1860–1904)