Marginal demand
From Wikipedia, the free encyclopedia
 |
This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2009) |
 |
This article is an orphan, as few or no other articles link to it. Please introduce links to this page from related articles; suggestions may be available. (December 2009) |
Marginal demand is the term in economics that refers to the change in demand for a product or service in response to a specific change in its price.
Normally, as prices for goods or service rise, marginal demand falls. And conversely, as prices for goods or services fall, marginal demand rises.
A product or service where price changes cause a relatively big change in marginal demand is said to have an elastic market. A product or service where price changes cause a relatively small change in marginal demand are said to have an inelastic market.
[edit] See also
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
