The quantity demanded of a good
A) is the amount that would be purchased with an unlimited income
B) is the amount that would be demanded even if income were zero
C) is subject to the buyer's income constraints
D) is a fixed amount unaffected by the buyer's circumstances
E) must match the amount actually purchased in the market

Question

Quizplus · Accepted Answer

The quantity demanded of a good is subject to the buyer's income constraints. It refers to the amount of a good that buyers are willing and able to purchase at a given price and within their budget constraints. Therefore, the buyer's income is a key determinant of the quantity demanded.

The Quantity Demanded of a Good