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Is demand defined as the amount of a good or service that consumers are willing and able to buy at a price?
Wiki User
∙ 13y ago
yes
Wiki User
∙ 13y ago
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What defined as the amount of a good or service that a consumer is willing to buy?
Demand
What is the amount of a good or service that consumers are willing to buy at a certain price?
supply
The amount of goods and services that consumers are willing to buy at various prices?
the cost
What best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
Which statements best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
What defined as the amount of a good or service that a consumer is willing to buy?
Demand
What is the amount of a good or service that consumers are willing to buy at a certain price?
supply
How does quantity demanded differ from demand?
In Economics, demand is defined as the quantity of a good or service consumers are willing and able to buy at a range of prices.Quantity demanded is defined as the quantity of a good or service consumers are willing and able to buy at a price.Quantity demanded is the amount of a good or service consumers demand at one price, whereas demand encompasses each and every instance of quantity demanded. So, on a demand curve, the curve (line) represents demand, while a point on the line represents the quantity demanded at that price.
What is demanded?
It is an amount consumers are willing and able to purchase at a given price.
The amount of goods and services that consumers are willing to buy at various prices?
the cost
What best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
Which statements best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
What is the amount of a good or service that producers are willing to provide called?
Demand
What is an aggregate expenditure schedule?
It's the amount consumers are willing to pay, fluctuating with matters such as interest rates and consumer confidence
What it the amount of good or service that a consumer is willing to buy?
The term for that definition is effective demand
What is the amount of a good or service that a consumer is willing to buy is?
The term for that definition is effective demand
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
