Demand refers to the quantity of a good that buyers are willing and able to purchase at various price levels over a certain period. It reflects consumers' preferences, income levels, and the price of related goods. As demand increases, buyers are willing to purchase more of the good, often leading to higher prices, while a decrease in demand can lead to lower prices and reduced sales. Essentially, demand captures the relationship between buyers' purchasing behavior and the price of the good.
Copyright © 2026 eLLeNow.com All Rights Reserved.