Quantity demanded is:
A) the amount of a good or service that a buyer is able and willing to purchase at a given price.
B) the amount of a good or service that a buyer is able and willing to sell at a given price.
C) the amount of a good or service that a seller is able and willing to sell at a given price.
D) the amount of a good or service that a buyer is able and willing to purchase at various given prices.

Question

Quizplus · Accepted Answer

Quantity demanded refers to the specific quantity of a good or service that consumers are willing and able to buy at a given price. It is not the amount that they are willing to sell or the amount they are willing to buy at various prices, so choices B, C, and D are not correct.

Quantity Demanded Is