The quantity of a product that buyers are willing to purchase at each of various prices is called _____.
A) breakeven quantity
B) supply
C) distended supply
D) inventory
E) demand

Question

Quizplus · Accepted Answer

The quantity of a product that buyers are willing to purchase at each of various prices is called demand. Breakeven quantity refers to the point where total costs and total revenue are equal. Supply refers to the quantity of a product that sellers are willing to offer at various prices. Distended supply and inventory are not relevant terms in this context.

The Quantity of a Product That Buyers Are Willing to Purchase