demand

(redirected from Demand elasticity)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.
Related to Demand elasticity: Price elasticity of demand, Supply Elasticity

demand

1. Economics
a. willingness and ability to purchase goods and services
b. the amount of a commodity that consumers are willing and able to purchase at a specified price
2. Law a formal legal claim, esp to real property

demand

[də′mand]
(electricity)

demand

1. The electric load on a system, integrated over a specific time interval; usually expressed in watts or kilowatts.
2. The volume of gas per unit time (usually expressed in cubic feet per hour or liters per second) or the amount of heat (usually expressed in Btu per hour or megajoules per hour) required for the operation of one or more gas appliances.
3. The rate of flow of water, usually expressed in gallons per minute (liters per second), furnished by a water supply system to various types of plumbing fixtures and water outlets under normal conditions.
References in periodicals archive ?
First, calculation of a critical cross-elasticity still requires knowing the critical residual demand elasticity, and second, estimating the actual residual demand directly is likely to be less difficult than estimating all of the necessary cross- elasticities.
More recently, Kyer and Maggs have shown the relevance of aggregate demand elasticity for the federal government budget deficit (2014a) and the balance of trade (2014b).
It turned out that using the theory's stability criterion is able to determine the range of suppliers and consumers demand elasticity which makes system stable.
Because natural gas consumption and prices are simultaneously determined by the interaction of demand and supply, OLS estimation of equation 1 will be biased: the estimated magnitude of the demand elasticity [[alpha].
We compared these differences in demand elasticity across the three groups and no significant differences were found (F[2,22] = 0.
With these assumptions we analyze the importance of aggregate demand elasticity for the balance of trade when economic expansion occurs.
The import demand elasticity is included in order to account for the sensitivity of the products exported by Pakistan to changes in their prices.
their control function for the power trading business, : - The possibilities / importance of price spikes for the profitability of capacity, : - The possibilities of the DSM potential and consequent demand elasticity, : - The expectable electricity prices in all retail segments (taking into account inter alia network expansion and development in shaping current bid zone) and of price effects of regulatory developments in the EU~s neighboring countries.
In this article, we use a mathematical model of consumer's behaviour optimization with a utility function that analyzes mutual relations between two kinds of goods and also allows the differentiation of consumer's price demand elasticity.
The private cloud facilitates the large organization to handle demand elasticity similar to the public cloud provider.
aACoeIn the beginning, the plan was to approach the African market with the same strategy that had made the company a huge success in India - namely the aACAyminute-factoryaACAO model, which is based on expectations of high demand elasticity for voice use,aACA[yen] said Atul Arora, Pyramid ResearchaACAOs associate analyst.
We estimated demand elasticity to assess the sensitivity of mode choice probability to changes in cost of shipment, elevator capacity and quantity of shipment.