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What the market/people demand. IE, it's winter time and people need shovels. So people will go to buy shovels. As a whole, lets say a store sells 25 shovels that day. That is the market demand. That's how many shovels people want. If the store had only 20 shovels to sell, there are still 25 people who want shovels, so the market demand is 25, yet the supply is only 20.
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Consumers create a demand for something by?
Consumers create a demand for something by?
Example of factor market?
An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.
What is an example of something that reduces demand for a product?
Often when prices are too high and demand for a product or service lessens, it is because consumers have found a suitable substitute.
What are the factors that affect demand forecasting?
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
Consumers create a demand for something by?
Consumers create a demand for something by?
Example of factor market?
An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.
What is an example of something that reduces demand for a product?
Often when prices are too high and demand for a product or service lessens, it is because consumers have found a suitable substitute.
Law of demand and supply?
Consumers is the law of supply and demand.
Example of nonexistent demand?
the previous demands of consumers which are totally replaced by much better products ...like bajaj scooters
What are the factors that affect demand forecasting?
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
What is an example of inversely related?
An example of two variables that are inversely related is the price of a product and the quantity demanded by consumers. As the price of a product increases, the quantity demanded by consumers typically decreases, and vice versa. This relationship is described by the law of demand in economics.
Is individual demand curve and market demand curve same for identical consumers?
NO
For consumers when there is the goods they want to buy?
demand
What is the eight demand states in marketing?
1. Negative demand: consumers dislike the product and may even pay a price to avoid it. 2. Nonexistent demand: consumers may be unaware or uninterested in the product. 3. Latent demand: consumers may share a strong need that cannot be satisfied by an existing product. 4. Declining demand: consumers begin to buy the product less frequently or not at all. 5. Irregular demand: consumer purchases vary on a seasonal, monthly, weekly, daily, or even hourly basis. 6. Full demand: consumers are adequately buying all products put into the marketplace. 7. Overfull demand: more consumers would like to buy the product than can be satisfied. 8. Unwholesome demand: consumers may be attracted to products that have undesirable social consequences. E.g. Cigarettes are harmful to society but attract more and more consumers to use.
What term describes the total demand of all consumers for a company's product or service?
market demandAnother AnswerGlobal market demand would cover all consumers.
