What is the "quantity demanded"?
A) the amount of a good people desire
B) the amount of a good people are able and willing to buy during a specific time period and at a given price
C) the amount of a good people are able and willing to buy at all possible prices
D) the maximum amount of a good that can be consumed during a specific time period
E) the minimum amount of a good that people are willing to buy during a specific time period and at a given price

Question

Quizplus · Accepted Answer

Quantity demanded refers to the specific amount of a good or service that consumers are able and willing to purchase at a particular price during a specified time period. It is the actual quantity consumers buy in the market at a given price.

What Is the "Quantity Demanded