efterspørgsels
Efterspørgsel is a Danish word that translates to "demand" in English. In economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a specific period. The law of demand states that, all other factors being equal, as the price of a good or service increases, the quantity demanded will decrease, and conversely, as the price decreases, the quantity demanded will increase.
Several factors can influence demand, including consumer income, the prices of related goods (substitutes and complements),
Understanding demand is crucial for businesses when making decisions about production levels, pricing strategies, and marketing