2006-06-16 01:38:13 · 6 answers · asked by boring_sad_life 1 in Social Science ➔ Economics
“The law of demand states that, in general, price and quantity demanded are inversely related. In other words, the higher the price of a product, the less of it consumers will buy.” <1>
Concepts of demand are a view of how much supply of a product/services and the "gotta have" emotional factor for the product/service.
Demand is the total of products and services that a customers are willing and able to buy at any given price in a given period of time. Demand can be represented as a graph plotting the price and quantity demanded of the product or service. Now, to study this we need to assume that the consumers make sane choices about how much to buy in order to maximize their “usefulness” - in other words that they spend money on the stuff that gives them happiness for a good price/bargin.
2006-06-16 10:31:47 · answer #1 · answered by Giggly Giraffe 7 · 1⤊ 0⤋
This Site Might Help You.
RE:
what are the different concepts of demand?
2015-08-16 09:53:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A god, it seems to me, is a way to explain the world. If there's something that all cultures have in common, it's that they feel the need to explain why the world is what it is (as well as what's going to happen when their life ends). So, to me, that is why many-if not all- cultures have some concept of a god- it is the explanation that most readily comes to mind. How did we get on this Earth? Bigger, older, and initially more powerful people (parents) gave birth to us. So wouldn't it be the first idea to pop into a human's head that someone bigger, older, and more powerful created us? It is the easiest way of explaining the world, and thus has come up in multiple cultures.
2016-03-16 00:47:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This question intended to address the concept of elasticity of demand..... (then if still in need of the answer go and find the materials about demand elasticity)
2013-11-10 09:39:35 · answer #4 · answered by Kitangi 1 · 0⤊ 0⤋
Demand: Claim-Counterclaim-Reclaim-lien-ultimatum-clamor-requisition-imposition-stipulation.
2006-06-16 01:47:41 · answer #5 · answered by toughcockney 1 · 0⤊ 0⤋
More demand for questions related to God,there is also demand for one word answers...........the demand concept question will have less demand...and so on
2006-06-16 01:46:06 · answer #6 · answered by Kgs 4 · 0⤊ 0⤋
I think you'll find a nice summary at the URL below.
2006-06-16 02:44:17 · answer #7 · answered by dbliss2003 1 · 0⤊ 0⤋