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Briefing Rooms

Dairy: Background

Contents
 

Dairy Demand

Demand and consumption have somewhat different meanings. Careless substitution of these terms for each other is common and causes much confusion. Demand refers to the amounts of a product sold at particular prices. Selling more of a product at the same price is an increase in demand for that product; selling more at a lower price may or may not be an increase in demand for that product. In fact, selling more at a lower price might represent a decrease in demand, if it takes a larger-than-normal price decline to interest buyers in taking a little more.

 

For more information, contact: Roger Hoskin

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Updated date: August 16, 2004