The "quantity demanded" of any good or service is ________ during a specified time period and at a specified price.
A) the amount people are willing to buy
B) the amount people are able to buy
C) the amount people are willing and able to offer
D) the amount people are willing and able to buy
E) the amount people are willing to buy because it is the amount sellers are willing to sell

Question

Quizplus · Accepted Answer

Quantity demanded refers to the amount of a good or service consumers are willing and able to buy at a specific price during a certain time period. Therefore, the best choice is D, which accurately includes both willingness and ability to buy.

The "Quantity Demanded" of Any Good or Service Is ________