demand

Definition

The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. The demand curve is usually downward sloping, since consumers will want to buy more as price decreases. Demand for a good or service is determined by many different factors other than price, such as the price of substitute goods and complementary goods. In extreme cases, demand may be completely unrelated to price, or nearly infinite at a given price. Along with supply, demand is one of the two key determinants of the market price.

Use demand in a sentence

Freedom of speech is guaranteed by the First Amendment and no one needs to demand this freedom because it is a guaranteed right by all U.S. Citizens.

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The boss of the company decided that he was going to start focusing only on selling televisions, as the demand for televisions was increasingly rapidly

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Back when Playstation 3 first hit the shelves, Sony did poorly to meet the massive demand for their new console. Some believe this was done intentionally as a sales tactic but I don't see how that works.

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