Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Demand

  • Silvia RučinskáEmail author
  • Ronny Müller
  • Jannik A. Nauerth
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_139

Abstract

The term demand describes the willingness to buy a fixed quantity of goods or services at a specific price. This relation depends on the income and preferences of an individual but is typically expressed as an overall economic aggregate. The disposition to buy normally alters in contrary to the price.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  • Silvia Ručinská
    • 1
    Email author
  • Ronny Müller
    • 1
  • Jannik A. Nauerth
    • 2
  1. 1.Faculty of Public AdministrationPavol Jozef Šafárik University in KošiceKošiceSlovakia
  2. 2.Faculty of Business and EconomicsUniversity of Technology DresdenDresdenGermany