If you're seeing this message, it means we're having trouble loading external resources on our website. Show
If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. focusNode Didn't know it? Knew it? Embed Code - If you would like this activity on your web page, copy the script below and paste it into
your web page. Chapter 7-8
Is the amount of a good or service that consumers are willing and able to buy at a certain price?Demand is simply the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. People demand goods and services in an economy to satisfy their wants, such as food, healthcare, clothing, entertainment, shelter, etc.
What is the total amount of a good or service that producers are willing and able to make available to consumers?Chapter 7-8. What is the amount of a good that sellers are willing and able to supply at a given price?
What is the amount of a good or service that a producer is willing to sell at each particular price?Definition: Quantity supplied is the quantity of a commodity that producers are willing to sell at a particular price at a particular point of time.
|