Law of demand
Law of demand
Fundamental principle in microeconomics.
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Readers' pathsAug 2026 – Oct 2026
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Demand curve
Graph of how much of something a consumer would buy at a certain price.
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Product that people consume more of as the price rises.
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Alfred Marshall
British economist (1842–1924).
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Veblen good
Luxury good for which the demand increases as the price increases.
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Graph of how much of something a consumer would buy at a certain price.
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Product that people consume more of as the price rises.
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Rapid increase in the price of a stock owing primarily to excessive short selling.
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Supply and demand
Economic model of price determination in a market.
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