"Demand" is best defined as the relationship between:

Question

Quizplus · Accepted Answer

Demand refers to the amount of a good or service that consumers are willing and able to buy at different prices. It is represented by a demand curve, which illustrates the relationship between price and quantity demanded. As price increases, the quantity demanded generally decreases, while as price decreases, the quantity demanded generally increases. Therefore, the best definition for demand is the relationship between the price of a good and the quantity consumers are willing and able to buy at each price level.

"Demand" Is Best Defined as the Relationship Between