.
Google       

AddThis Social Bookmark Button Post this question to del.icio.us   Post this question to digg   Post this question to blinklist   Post this question to Furl   Post this question to YahooMyWeb   Simpify! this news item   Post this question to shadows   Post this question to Spurl   Post this question to BuddyMarks Social bookmark this page

Free US Law Dictionary

BETA

BROWSE TERMS: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

FIND TERM:

Related Phrases

Demand

In economics, supply and demand describes market relations between prospective sellers and buyers of a good. The supply and demand model determines price and quantity sold in the market. The model is fundamental in microeconomic analysis of buyers and sellers and of their interactions in a market. It is used as a point of departure for other economic models and theories. The model predicts that in a competitive market, price will function to equalize the quantity demanded by consumers and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing such equilibrium as reflected in a shift of demand or supply.

Related Law Blog Posts

Related Law Questions
Lawyers and Law Students! Can you improve this definition? Send us your improvements and we'll provide a link back to your website or blog.

Your Blog Subscriptions
Subscribe to blogs


Practice Area
Zip Code:

Contact a Lawyer Now!












Click here
0.6332 secs