consumers demand
11demand — n. & v. n. 1 an insistent and peremptory request, made as of right. 2 Econ. the desire of purchasers or consumers for a commodity (no demand for solid tyres these days). 3 an urgent claim (care of her mother makes demands on her). v.tr. 1 (often… …
12Demand Theory — A theory relating to the relationship between consumer demand for goods and services and their prices. Demand theory forms the basis for the demand curve, which relates consumer desire to the amount of goods available. As more of a good or… …
13demand curve — ▪ economics in economics, a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis. With… …
14demand — noun 1》 an insistent and peremptory request, made as of right. ↘(demands) pressing requirements. 2》 the desire of purchasers, consumers, etc. for a particular commodity or service: a recent slump in demand. verb ask authoritatively or… …
15Demand-Side Management — (DSM) The process of managing the consumption of energy, generally to optimize available and planned generation resources. A technology or program that encourages customers to use electricity differently. *** A utility action that reduces …
16supply and demand — Relationship between the quantity of a commodity that producers have available for sale and the quantity that consumers are willing and able to buy. Demand depends on the price of the commodity, the prices of related commodities, and consumers… …
17Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… …
18Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
19Energy demand management — Energy portal Energy demand management, also known as demand side management (DSM), is the modification of consumer demand for energy through various methods such as financial incentives and education. Usually, the goal of demand side management… …
20Cross Elasticity Of Demand — An economic concept that measures the responsiveness in the quantity demand of one good when a change in price takes place in another good. The measure is calculated by taking the percentage change in the quantity demanded of one good, divided by …
