Demand

What is Demand?

Demand is how much of a good or service consumers are willing and able to buy at a certain price. When the price of something goes down, people usually want to buy more of it. When the price goes up, they might buy less.

Examples of Demand:

• On a hot day, many people want to buy ice cream. The demand for ice cream is high.
• If a new video game is very popular, many kids will want to buy it, showing high demand.
• When a store has a big sale, the demand for the discounted items usually increases.