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 sun is shining.
The shadows of the lovers have disappeared.
They are all eyes; they have some demand on me—
They want me to be more serious than I want to be.”
—Louis Simpson (b. 1923)
“There is nothing funny about Halloween. This sarcastic festival reflects, rather, an infernal demand for revenge by children on the adult world.”
—Jean Baudrillard (b. 1929)
“That whatever a man says, promises, or resolves in passion he must stick to later on when he is cold and sober—this demand is among the heaviest burdens that weigh on humankind.”
—Friedrich Nietzsche (1844–1900)