Share This Article:

Economic Definition of demand space. Defined.

Offline Version: PDF

Term demand space Definition: The area on or beneath a demand curve. Buyers are willing and able to purchase any demand price-quantity demanded combination that places them on or below the demand curve, but not above. The reason is that the demand curve represents the maximum demand price for a given quantity demanded or the maximum quantity demanded for a given demand price.


« demand shock | demand-driven business cycles »


Alphabetical Reference to Over 2,000 Economic Terms