Difference between revisions of "Demand"
Jump to navigation
Jump to search
TimSvendsen (talk | contribs) |
TimSvendsen (talk | contribs) |
||
| Line 1: | Line 1: | ||
| − | The demand for a [[Widget|widget]] at a given price, is how many (or how much) of that widget people will want to buy at that price. If demand at a price exceeds [[Supply|supply]], there will be a [[shortage]]. If supply exceeds demand there will be an [[oversupply]]. | + | The demand for a [[Widget|widget]] at a given price, is how many (or how much) of that widget people will want to buy at that price. If demand at a price exceeds [[Supply|supply]], there will be a [[Shortage|shortage]]. If supply exceeds demand there will be an [[Oversupply|oversupply]]. |
Revision as of 05:04, February 10, 2007
The demand for a widget at a given price, is how many (or how much) of that widget people will want to buy at that price. If demand at a price exceeds supply, there will be a shortage. If supply exceeds demand there will be an oversupply.