The amount consumers are willing and able to buy at a particular price during a specified period of time is the

Question

Quizplus · Accepted Answer

The amount consumers are willing and able to buy at a particular price during a specified period of time is referred to as quantity demanded. Demand refers to the entire relationship between prices and quantity demanded, whereas quantity demanded is the specific amount that consumers are willing and able to purchase at a given price. Supply and quantity supplied, on the other hand, refer to the amount of a good or service that producers are willing and able to sell at a particular price.

The Amount Consumers Are Willing and Able to Buy at a Particular