The ______ is the quantity of products that will be sold in the market at various prices for a specified time period,and _____ is the quantity of a product that will be offered to the market by suppliers at various prices for a specified period.
A) demand; equity
B) demand; supply
C) supply; demand
D) inventory; demand
E) inventory; supply

Question

Quizplus · Accepted Answer

Demand is the quantity of products that consumers are willing and able to buy at different prices, while supply is the quantity of products that producers are willing and able to offer at different prices. Therefore, the correct pair of terms is demand and supply, which is described in option B.

The ______ Is the Quantity of Products That Will Be