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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Ručinská, S., Müller, R., Nauerth, J.A. (2019). Demand. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_139
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DOI: https://doi.org/10.1007/978-1-4614-7753-2_139
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