Section 3
Demand Analysis
Book
Version 3
By Boundless
By Boundless
Boundless Marketing
Marketing
by Boundless
4 concepts
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The Demand Curve
A demand curve is a graph showing the relationship between the price of a certain item and what consumers are willing to buy at the price.
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The Influence of Supply and Demand on Price
Changes in either supply or demand will move the market clearing point and change the market price for a good.
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Elasticity of Demand
Elasticity of demand is a measure used in economics to show the responsiveness of the quantity demanded of an item to a change in its price.
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Yield Management Systems
Yield management systems give managers optimal control of inventory to sell it to the right customer at the right time for the right price.