change in demand

Definition

The shift of the demand curve of a product or service, caused by shifting trends or new competition, which can either lower or raise the price.

Use change in demand in a sentence

  • If you want to always have your target marketed properly then you need to be able to react to any change in demand.

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  • There was now a new change in demand caused by the always changing market and the desire for new an exciting things.

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  • When a price of a product or service changes, the price change is often due to the market being more or less competitive which can result in a change in demand.

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