Demand
Meaning
An insistent and peremptory request, made as of right.
Pronunciation
UK dɪˈmɑːnd
US dɪˈmænd
Example Sentences
- This was because they [weren't] grown in Europe, so when world explorers brought back this rare and exotic new fruit, supply was low and demand was high.
- Eagle feathers are in high demand across North America, but it is illegal to hunt or kill eagles and get them.
- Supply and demand is a model of microeconomics.
- There are two determining factors on such a market, the number of things made available, called supply, and the number of things consumers want, called demand.
- Supply and demand shows how producers and consumers interact with each other.
- For normal goods, and a normal market, there are four basic laws that determine the change in the market, if either supply or demand changes.
- If the demand increases, and the supply remains the same, there will be a shortage, and the price will increase.
- If the demand decreases, and the supply remains the same, there will be a surplus, and the price will go down.
- If the supply increases, and the demand remains the same, there will be a surplus, and the price will go down.
- If the supply decreases, and the demand remains the same, there will be a shortage, and the price will increase.
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