In economics, the demand for a good refers to the amount of the good that people:
A) would like to have if the good were free.
B) will buy at various prices.
C) need to achieve a minimum standard of living.
D) will buy at alternative income levels.

Question

Quizplus · Accepted Answer

The demand for a good in economics is defined as the quantity of the good that consumers are willing and able to purchase at various prices, which is best represented by option B.

In Economics, the Demand for a Good Refers to the Amount