The term quantity demanded refers to
A)that point where the supply and demand curves cross.
B)the amount of a good consumers are willing to buy at a given price.
C)a particular demand schedule.
D)the entire demand curve.
E)the amount of a good people must forcibly demand from a producer in order to survive.

Question

Quizplus · Accepted Answer

Quantity demanded refers specifically to the amount of a good or service that consumers are willing and able to buy at a particular price. It is a point on the demand curve, not the entire curve itself, and it can vary depending on changes in price or other factors that affect consumer behavior. It is distinct from the term "demand," which refers to the entire relationship between price and quantity that is represented by the demand curve.

The Term Quantity Demanded Refers to