Homonym: demand (Request)
Demand refers to the quantity of a product or service that consumers are willing and able to purchase at a given price. It is influenced by various factors, including consumer preferences, income levels, and the prices of related goods. When demand increases, it often leads to higher prices, while a decrease in demand can result in lower prices.
In economics, the relationship between price and demand is typically represented by the demand curve, which shows how much of a product consumers will buy at different price points. Understanding demand is crucial for businesses and policymakers to make informed decisions about production and pricing strategies.