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demand |
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demandIn economics, the quantity of a product or service that customers want to buy at any given price. Also, the desire for a commodity, together with ability to pay for it. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Oil must compete with other energy sources to retain its preeminence, the industry must lead rather than follow in carbon management, and supply and demand elasticity will moderate prices, Saleri said. The restriction of the employment demand to follow either Cobb-Douglas or the generalized Leontief form gives insignificant wage elasticity but significant employment demand elasticity studied by (17). DEMAND ELASTICITY IS BASED ON TWO CRITICAL CRITERIA--AVAILABILITY OF SUBSTITUTES AND, URGENCY OF NEED |
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