Definition: Market demand describes the demand for a given product and who wants to purchase it. This is determined by how willing consumers are to spend a certain price on a particular good or service. As market demand increases, so does price. When the demand decreases, price will go down as well.
- What is the equation of demand? - In its standard form a linear demand... (Read More)
- What is demand and supply with examples? - Examples of the Supply and Demand Concept... (Read More)
- What factors affect the demand curve? - Factors which can shift the demand curveIncome.... (Read More)
- What is demand rise? - The demand for a commodity may change... (Read More)