Demand Analysis

A demand curve is a graph showing the relationship between the price of a certain item and what consumers are willing to buy at the price.

Changes in either supply or demand will move the market clearing point and change the market price for a good.

Elasticity of demand is a measure used in economics to show the responsiveness of the quantity demanded of an item to a change in its price.

Yield management systems give managers optimal control of inventory to sell it to the right customer at the right time for the right price.