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| ==Origin== | | ==Origin== |
− | [http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] ''demaunden'', from Anglo-French ''demander'', from Medieval Latin ''demandare'', from [[Latin]], to entrust, charge, from ''de''- + ''mandare'' to enjoin — more at [[mandate]] | + | [https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] ''demaunden'', from Anglo-French ''demander'', from Medieval Latin ''demandare'', from [[Latin]], to entrust, charge, from ''de''- + ''mandare'' to enjoin — more at [[mandate]] |
− | *[http://en.wikipedia.org/wiki/14th_century 14th Century] | + | *[https://en.wikipedia.org/wiki/14th_century 14th Century] |
| ==Definitions== | | ==Definitions== |
| *1a : an ''insistent'' and peremptory request, made as if by [[right]]: a [[series]] of demands for far-reaching reforms. | | *1a : an ''insistent'' and peremptory request, made as if by [[right]]: a [[series]] of demands for far-reaching reforms. |
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| In [[economics]], '''demand''' is the utility for a good or [[service]] of an economic agent, relative to his/her [[income]]. (Note: This distinguishes "demand" from "[[quantity]] demanded", where demand is a listing or graphing of quantity demanded at each possible price. In [[contrast]] to demand, quantity demanded is the exact quantity demanded at a certain price. Changing the actual price will change the quantity demanded, but it will not [[change]] the demand, because demand is a listing of quantities that would be bought at various prices, not just the actual price.) | | In [[economics]], '''demand''' is the utility for a good or [[service]] of an economic agent, relative to his/her [[income]]. (Note: This distinguishes "demand" from "[[quantity]] demanded", where demand is a listing or graphing of quantity demanded at each possible price. In [[contrast]] to demand, quantity demanded is the exact quantity demanded at a certain price. Changing the actual price will change the quantity demanded, but it will not [[change]] the demand, because demand is a listing of quantities that would be bought at various prices, not just the actual price.) |
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− | Demand is a buyer's willingness and [[ability]] to pay a price for a specific quantity of a good or [[service]]. Demand refers to how much (quantity) of a product or service is desired by buyers at various prices. 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. (see also [http://en.wikipedia.org/wiki/Supply_and_demand supply and demand]). The term demand [[signifies]] the ability or the willingness to buy a particular [[commodity]] at a given point of time, ceteris paribus.[http://en.wikipedia.org/wiki/Demand] | + | Demand is a buyer's willingness and [[ability]] to pay a price for a specific quantity of a good or [[service]]. Demand refers to how much (quantity) of a product or service is desired by buyers at various prices. 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. (see also [https://en.wikipedia.org/wiki/Supply_and_demand supply and demand]). The term demand [[signifies]] the ability or the willingness to buy a particular [[commodity]] at a given point of time, ceteris paribus.[https://en.wikipedia.org/wiki/Demand] |
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| [[Category: Economics]] | | [[Category: Economics]] |
| [[Category: Psychology]] | | [[Category: Psychology]] |