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demand |
Also found in: Dictionary/thesaurus, Legal, Financial, Idioms, Hutchinson | 0.03 sec. |
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demand, n in economics, refers to the buying of services or goods; in dental care, generally denotes the active request for and purchase of dental care services. demand the predicted amount of a product or service which will be sold at a stated price. demand elasticity the responsiveness with which the demand for a product or service, for example for veterinary services, varies with its price. If there is great flexibility there is elasticity. When the demand is the same irrespective of the price there is inelasticity. |
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