In economics, "demand" refers to
A)the intensity of desire for a good.
B)the amount of a good people need rather than the amount they want.
C)the satisfaction a good will provide a person.
D)how much of a good people will buy at any price during a given time period.

Question

Quizplus · Accepted Answer

Demand refers to how much of a good people will buy at any price during a given time period. It is a measure of the quantity of a good that consumers are willing to buy at different prices. The quantity demanded of a good decreases as the price of that good increases, and vice versa. Therefore, demand is not just the intensity of desire or need for a good, nor is it just the satisfaction a good provides.

In Economics, "Demand" Refers to