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In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. In economics "demand" for a commodity is not the same thing as "desire" for it. It refers to both the desire to purchase and the ability to pay for a commodity.
Economy & Products
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price quantity curve demanded consumers commodity function perfectly elasticity market firm goods good inverse revenue economics would one service purchase
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Demand | is a | quantity of a good that consumers are willing and able to purchase at various prices during a given time | 0.90 | text |
| Demand | is a | flow concept | 0.90 | text |
| Demand | is a | measure of the sensitivity of the quantity variable | 0.90 | text |
| Demand | is a | phenomenon of any economy at any given time | 0.90 | text |
| Demand | is a | purpose of economic activity | 0.90 | text |
| future prices | instance of | Consumers' expectations regarding factors | 0.80 | text |
| income | instance of | Consumers' expectations regarding factors | 0.80 | text |
| and availability of goods play a crucial role in determining the demand for goods | instance of | Consumers' expectations regarding factors | 0.80 | text |
| services in the present period | instance of | Consumers' expectations regarding factors | 0.80 | text |
| their friends | instance of | Demonstration effect refers to the tendency of a person to emulate the consumption style of other persons | 0.80 | text |
| neighbours | instance of | Demonstration effect refers to the tendency of a person to emulate the consumption style of other persons | 0.80 | text |
| etc | instance of | Demonstration effect refers to the tendency of a person to emulate the consumption style of other persons | 0.80 | text |
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