the quantity demanded at each price in a set of prices is greater
what do u mean by bank drrawn on in demand draft
extension and contraction in demand. extension mean increase in demand and contraction man decrease in demand
to demand or take by authority
It's an elasticity coefficient of demand: deltaD/deltaP When the coefficient is >1 it is an elastic demand When the coefficient is <1 it is a nonelastic demand
When price increases by 1%, demand falls by 3%.
In economics demand is what people want Supply is what companies want to sell
Demand, or send.
You can demand all you want, but it doesn't mean you will get it.
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
Something that is in demand - desirable
if a product is in high demand it means lots of people want/like it, if something is in demand someone wants it, high demand means that product is popular and people want it, it's in high demand.
Unitary is a reference to the type of demand elasticity. Unitary demand elasticity occurs when the elasticity of demand = 1. This indicates that the level of demand changes in-sync with the price at a 1:1 ratio.