There are three kinds of demand.
1. price demand
2. Income demand
3. cross demand.
rise in demand for shelter
A raise in demand for shelter
rise in demand for shelter
hell9
-_- answer it yourself dork
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
Perfect Competition
Prices falling can cause abnormal demand curve. Any kind of changes to the price, production, etc. can also cause abnormal curves in demand.
It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic
It's the Demand Schedule. - You're WelCUM - Source from Economics Book
This is unit elastic demand. Elasticity measures how price responds to a given variable (in this case demand). If prices and demand move at the same rate you have unit elastic demand. Mathematically it means the ratio of price change to demand change is 1.
Demand