0
what is meant by demand ?
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is meant by flexlibility?
demand
What is meant by rasputeennet?
demand
What is meant by zafeer?
demand
What is new and replacement demand?
If the purchase or acquisition of an item is meant as an addition to stock, it is new demand. It the purchase of an item is meant for maintaining the old stock of capital/ asset intact, it is replacement demand.
What is meant by derived demand and how does this demand characteristic impact freight demand?
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
Explain what is meant by price and income elasticity of demand?
price elasticity of demand is the degree of responsiveness of demand where by change in price of a commodity bring proportionate change in quantity demanded.
What is a Functional Demand?
By functional demand is meant that part of the demand for a commodity is due to the qualities inherent in the commodity itself.On the contrary, non-functional demand is meant that portion of the demand for a consumers' good is due factors other than the qualities inherent in the commodity.For more details on non-functional demand and external factors that influence non-functional demand see:H. Leibenstein, 'Bandwagon, Snob and Veblen Effects in the theory of Consumer Demand', Quarterly journal of Economics(1950), pp. 183-207
The soviet demand of defensible borders really meant?
neighboring countries that would be communist
What is meant by concept of elasticity of demand?
The degree of responsiveness of change in demand as a result of change in its price is known as elasticity of demand. I mathematical language we can say that; Elasticity of demand = %age change in Quantity Demanded DIVIDED BY %age change in the Price.
How did the baby boom affect the US economy?
Growing families increased the demand for products.
Why did industry boom during world war 2?
Women got jobs, and the demand for more supplies meant more money, which meant more and better industry.
What is meant by the equilibrium price?
It is the price where demand equals supply in a competitive market.
