The distinction between demand and the quantity demanded is best made by saying that:
A) demand is represented graphically by a curve and quantity demanded is a point on that curve.
B) the quantity demanded is represented graphically by a curve and demand is a point on that curve.
C) the quantity demanded is in a direct relation with prices, whereas demand is in an inverse relation.
D) the quantity demanded is in an inverse relation with prices, whereas demand is in a direct relation.

Question

Quizplus · Accepted Answer

Demand is the entire relationship between prices and the quantity of a product that consumers are willing and able to purchase, represented by the demand curve. Quantity demanded refers to a specific point on the demand curve, indicating the amount consumers are willing to buy at a particular price.

The Distinction Between Demand and the Quantity Demanded Is Best