Examlex
Create a conversational but professional tone in letters, e-mail messages, instant messages, and memos by
Demand
The desire of purchasers, consumers, or clients for a particular good or service, coupled with the ability and willingness to pay for it.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.
Elastic
Describes a situation in which the supply or demand for a good or service significantly changes in response to price changes.
Elasticity of Demand
An indicator of the variation in the amount of a good or service desired with respect to its price fluctuation.
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