demand, claim, require, exact mean to ask or call for something as due or as necessary. demand implies peremptoriness and insistence and often the right to make requests that are to be regarded …

In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. [1][2] In economics "demand" for a commodity is not the same …

Apr 7, 2026 · Explore demand theory in economics, linking consumer demand to price changes. Learn how demand affects pricing and reveals consumer behavior dynamics.

Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be …

Thus, we define demand for a commodity or service as an effective desire, i.e., a desire backed by means as well as willingness to pay for it. The demand arises out of the following three things: i. …

Individual demand and Market demand: Individual demand refers to the demand of a single consumer, while market demand is the sum of all individual demands for a particular good or service.

1. When presented for payment: a note payable on demand. 2. When needed or asked for: fed the baby on demand.