The quantity of a good or service that consumers are willing and able to buy at given prices in a given period of time. For economists demand is always effective demand
1 of 5
Market demand
The quantity of a good or service that all the consumers in a market are willing and able to buy
2 of 5
Condition of demand
A determinant of demand, other than the good's own price, that fixes the position of the demand curve
3 of 5
Decrease in the demand
A leftward shift of the demand curve
4 of 5
Increase in demand
A rightward shift of the demaand curve
5 of 5
Other cards in this set
Card 2
Front
The quantity of a good or service that all the consumers in a market are willing and able to buy
Back
Market demand
Card 3
Front
A determinant of demand, other than the good's own price, that fixes the position of the demand curve
Comments
No comments have yet been made