Question

The amount of a product that people are willing and able to purchase at a specific price is referred to as the:

Answer 1

The amount of a product that people are willing and able to purchase at a specific price is referred to as demand.

Answer 2

The quantity of a product that people would like to buy at a given price is called Demand.

How is demand denoted?

Demand is the quantity of a good that people in the market would like to buy at a certain price.

A demand curve would therefore be drawn based on the quantity of goods in the market, and the prices those goods are offered at. Lower prices will see higher quantity demand.

Find out more on the demand curve at https://brainly.com/question/1486483.

#SPJ6