The quantity demanded of a good or service is the amount that:
A) consumers are willing and able to buy at a given price.
B) firms are willing to sell during a given time period at a given price.
C) a consumer would like to buy but might not be able to afford.
D) a consumer needs to consume during a given time period.

Question

Quizplus · Accepted Answer

The quantity demanded refers to the amount of a good or service that consumers are willing and able to buy at a particular price. It is determined by factors such as consumer preferences, income, and prices of other goods.

The Quantity Demanded of a Good or Service Is the Amount