Economy, asked by shalumehta026, 5 months ago

quantity demand is the amount of answer in one word ​

Answers

Answered by saranshinandanwar
0

Explanation:

Quantity demanded is a term used in economics to describe the total amount of a good or service that consumers demand over a given interval of time. It depends on the price of a good or service in a marketplace, regardless of whether that market is in equilibrium. The relationship between the quantity demanded and the price is known as the demand curve, or simply the demand. The degree to which the quantity demanded changes with respect to price is called the elasticity of demand.

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