The amount of a good or service that buyers would be willing and able to purchase at a specific price is known as

Question

Quizplus · Accepted Answer

Quantity demanded is the specific amount of a good or service that buyers are willing and able to purchase at a given price. Demand refers to the overall willingness of buyers to purchase a good or service at various prices. Supply relates to the quantity of a good or service that producers are willing and able to offer for sale at a given price. Quantity supplied is the specific amount of a good or service that producers are willing and able to offer for sale at a specific price.

The Amount of a Good or Service That Buyers Would