In understanding and analyzing "demand," we focus on how much of a product the buyers are:

Question

Quizplus · Accepted Answer

"Demand" refers to the quantity of a good or service that consumers are both willing and able to purchase at a given price and time. Therefore, the best choice is D, as it encompasses both willingness and ability to buy. Option A only covers willingness, option B only covers past behavior, and option C only covers ability, making them incomplete choices for understanding "demand."

In Understanding and Analyzing "Demand," We Focus on How Much