ARTICLES

One example of derived demand is the consumer request for crude oil derived from the consumer need for gasoline. Derived demand refers to the consumer's need for a certain product of which another product is made.

www.reference.com/article/example-derived-demand-347a00690b4dab0a

A demand equation is an algebraic representation of product price and quantity. Because demand can be represented graphically as a straight line with price on the y-axis and quantity on the x-axis, a demand equation can ...

www.reference.com/world-view/demand-equation-ef5fd02fb487604e

In economics, demand is the quantity of goods or services that consumers are able and willing to buy at a given price at a particular time. The law of demand provides that, if all other market factors remain constant, th...

www.reference.com/article/demand-economics-bd66a9e2c7aa46e6

SIMILAR ARTICLES

Market demand can be calculated by estimating consumer demand based on the sales history of a business, the Bureau of Labor Statistics Consumer Expenditure Survey and a bussinessowner's own consumer survey, according to ...

www.reference.com/world-view/can-calculate-market-demand-b75ce9e9f2722abe

Factors affecting the quantity of items that consumers purchase, also called consumer demand, include cost, income level of consumers, personal tastes, consumer trust in future prices and the number of consumers purchasi...

www.reference.com/article/determines-quantity-goods-buyers-demand-7de6afadfa366d8d

Inflation can rise as a result of a number of factors, such as an excessive monetary supply — which devalues currency, causing a rise in prices — and excessive pressure on supply and demand, usually caused by natural dis...

www.reference.com/article/inflation-risen-over-years-e23f360b72112a93

While there are no perfect examples of unitary elastic demand in real life, a close example is clothing. Decreases in price of the supply, whether from a sale or discount store, often creates an approximately equal incre...

www.reference.com/world-view/example-unitary-elastic-demand-35603c10aff75a35