The quantity of a product that consumers are willing and able to buy at a given price is called the

Question

Quizplus · Accepted Answer

The definition given in the question is that of quantity demanded, which means the amount of a product that consumers are willing and able to buy at a specific price. Therefore, choice A is the correct answer. Choice B refers to the amount of a product that producers are willing and able to sell at a specific price. Choice C refers to the relationship between the quantity demanded and the price of a good, not the specific quantity at a given price. Choice D is a table that shows the quantity demanded at different prices, but it does not refer to a specific quantity at a given price.

The Quantity of a Product That Consumers Are Willing and Able