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LSDefine

Simple English definitions for legal terms

demand

Read a random definition: general-average contribution

A quick definition of demand:

Demand: When someone asks for something very strongly or when a court orders someone to do something. In economics, demand means how much people want to buy a product.

A more thorough explanation:

Definition: Demand can have different meanings depending on the context. In legal terms, it means to request something forcefully or under legal authority. For example, a demand letter is a legal document that initiates a dispute resolution process where one party seeks performance or abstention from a specific action, or monetary restitution to settle a claim.

In economics, demand refers to the relationship between the quantity of a product produced and the desire of consumers to purchase that product. It is the amount of a good or service that consumers are willing and able to buy at a certain price and time.

Examples:

  • Legal: A person who has been injured in a car accident may demand compensation from the driver who caused the accident.
  • Economics: If the price of a cup of coffee increases, the demand for coffee may decrease as consumers may choose to buy a cheaper alternative or reduce their consumption of coffee.

The legal example illustrates how demand can be used to request something under legal authority. The economic example shows how demand is affected by changes in price and how consumers may adjust their purchasing behavior accordingly.

delivery | demand letter

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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