responsive demand
[rɪˈspɒnsɪv dɪˈmɑːnd]
nounpl: responsive demands
demanda responsiva
1. A demand for goods or services that adjusts or reacts to changes in price, income, or other market conditions; demand that shows elasticity and sensitivity to economic variables
The responsive demand in the market increased when prices dropped by 20 percent.
A demanda responsiva no mercado aumentou quando os preços caíram 20%.
2. In economics, demand that varies in proportion to stimuli such as promotional offers, price changes, or consumer income fluctuations
Companies track responsive demand to adjust their marketing strategies accordingly.
As empresas rastreiam a demanda responsiva para ajustar suas estratégias de marketing.
This term is primarily used in economics, business, and marketing contexts in both Brazilian and American English. It reflects the importance of understanding consumer behavior and market dynamics in capitalist economies. In Brazil, the concept is essential for businesses navigating price-sensitive markets and inflation fluctuations. The term is more formal and technical, commonly appearing in academic, corporate, and policy discussions rather than everyday conversation.
Related Idioms & Phrases
responsive to market conditions
demand responds to price changes
elasticity of responsive demand
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