Definitions for "Change In Demand" Add To Word List
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A shift in the entire demand curve so that at any given price, people will want to buy a different amount. A change in demand is caused by some change other than a change in the goods price.
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a change in the ENTIRE demand relation
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A change in the quantity that people plan to buy when any influence on buying plans other than the price of the good changes. (p. 84)
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see Demand decrease and Demand increase.
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A change in demand is a change in consumers' willingness and ability to purchase products which occurs when some influence on those plans (other than the price of the product) changes. It is illustrated by a shift of the demand curve and by the creation of a new demand schedule. Contrast with change in the quantity demanded.
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An increase or decrease in the quantities demanded over a range of prices. This is graphically depicted by a shift in the demand curve.
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