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Subject Area: Economics
Topic: General Treatises on Economics

DEMAND IN REGARD TO ITS INTENSITY. - Thomas Robert Malthus, Definitions in Political Economy [1827]

Edition used:

Definitions in Political Economy (London: John Murray, 1827).

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DEMAND IN REGARD TO ITS INTENSITY.

49. The sacrifice which the demanders are able and willing to make in order to satisfy their wants. It is this species of demand alone which, compared with the supply, determines prices and values.