Business Terms and Jargon Explained

What is Demand

Is the ability and willingness to pay a particular price for a particular good or service.
e.g if a can of coke sells for 50p then the demand is 1000 units per hour. That is to say 1000 people will buy a can at that price within an hour.

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Term created / updated 2005-08-16 17:35:18

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