the.com/demand
the invisible fist that turns a whim into a market and a market into a frenzy
means To ask for something forcefully as if you have a right to it — or, in economics, the quantity of a thing people are willing to buy at a given price.
from From Latin 'demandare,' to entrust or commit to someone's charge — built from 'de-' (fully) plus 'mandare' (to order, command, literally 'to give into the hand'). It drifted into French as 'demander,' to ask, and arrived in English with the softer sense of requesting; the harder edge of insistence and the economic sense both grew later from that root of commanding and entrusting.
- econ law
- price up, quantity wanted usually drops
- weird goods
- some luxuries sell more as prices rise
- elasticity
- measures how twitchy buyers are to price
- derived
- demand for steel comes from demand for cars
- language
- the word doubles as a command and a craving
for instance
opec oil embargo 1973 — arab states cut oil supplies to us and netherlands, causing global energy crisis and 400% price spike