Which of the following is defined as the quantity of a product that will be sold at various prices for a specified period?
A)market share
B)demand
C)supply
D)revenue

Question

Quizplus · Accepted Answer

Demand refers to the quantity of a product that consumers are willing and able to buy at different prices over a given period of time. It is a crucial concept in economics and marketing, as it helps businesses to understand and predict the behavior of consumers, and to adjust their prices and production levels accordingly. Market share refers to the percentage of total sales within a particular market that a company or product captures, while supply refers to the quantity of a product that producers are willing and able to sell at different prices. Revenue is the total income earned from sales of a product or service, and is influenced by both demand and supply factors.

Which of the Following Is Defined as the Quantity of a Product