variability of demand - translation to ρωσικά
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variability of demand - translation to ρωσικά

PRINCIPLE IN ECONOMICS
Law of Demand; Demand Theory; Demand principle; Demand theory
  • Anything that affects the buying decision other than the product price will shift the demand curve. Considering our example of mortgage rates; with a higher mortgage rate, demand curve will shift to the left from D0 to D1. This means that there is less demand for the housing market at every price. On the other hand, with lower mortgage rate demand curve shifts to the right from D0 to D2, meaning there is more demand for the housing market at every price.
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variability of demand      
изменчивость спроса
cross elasticity         
  • Alfred Marshall's book, where the concept 'price elasticity of demand' originated from
  • Google Pixel and Pixel XL smartphones
  • SABMiller and AB InBev company comparison during the takeover, 2015
ECONOMIC CONCEPT THAT MEASURES THE RESPONSIVENESS IN THE QUANTITY DEMAND OF ONE GOOD WHEN A CHANGE IN PRICE TAKES PLACE IN ANOTHER GOOD
Cross price elasticity of demand; Cross elasticity; Cross price elasticity; Independent in demand; Cross-price elasticity of demand; Cross Elasticity of Demand
перекрёстная эластичность (см. cross-elasticity)
cross elasticity of demand         
  • Alfred Marshall's book, where the concept 'price elasticity of demand' originated from
  • Google Pixel and Pixel XL smartphones
  • SABMiller and AB InBev company comparison during the takeover, 2015
ECONOMIC CONCEPT THAT MEASURES THE RESPONSIVENESS IN THE QUANTITY DEMAND OF ONE GOOD WHEN A CHANGE IN PRICE TAKES PLACE IN ANOTHER GOOD
Cross price elasticity of demand; Cross elasticity; Cross price elasticity; Independent in demand; Cross-price elasticity of demand; Cross Elasticity of Demand

экономика

перекрестная эластичность спроса (по цене) (мера чувствительности спроса на данный товар к изменению цены на другой товар; представляет собой отношение относительного показателя изменения спроса на данный товар к относительному показателю изменения цены на другой товар)

синоним

cross elasticity; cross-price elasticity of demand; cross price elasticity of demand; cross-price elasticity; cross price elasticity

Смотрите также

price elasticity of demand; income elasticity of demand

Ορισμός

грип
ГРИП, ГРИПП, гриппа, ·муж. (·франц. grippe) (мед.). Инфекционная болезнь - катарральное воспаление дыхательных путей, сопровождаемое лихорадочным состоянием; то же, что инфлуэнца
.

Βικιπαίδεια

Law of demand

In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded will decrease (↓); conversely, as the price of a good decreases (↓), quantity demanded will increase (↑)". Alfred Marshall worded this as: "When we say that a person's demand for anything increases, we mean that he will buy more of it than he would before at the same price, and that he will buy as much of it as before at a higher price". The law of demand, however, only makes a qualitative statement in the sense that it describes the direction of change in the amount of quantity demanded but not the magnitude of change.

The law of demand is represented by a graph called the demand curve, with quantity demanded on the x-axis and price on the y-axis. Demand curves are downward sloping by definition of the law of demand. The law of demand also works together with the law of supply to determine the efficient allocation of resources in an economy through the equilibrium price and quantity.

It is important to note that the relationship between price and quantity demanded holds true so long as it is complied with the ceteris paribus condition "all else remain equal" quantity demanded varies inversely with price when income and the prices of other goods remain constant. If all else are not held equal, the law of demand may not necessarily hold. In the real world, there are many determinants of demand other than price, such as the prices of other goods, the consumer's income, preferences etc. There are also exceptions to the law of demand such as Giffen goods and perfectly inelastic goods.

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