Question
The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is quantity demanded. quantity sold. demand. supply.
Answer
4.6
(225 Votes)
Amber
Elite · Tutor for 8 years
Answer
D. supply
Explanation
This question concerns fundamental economic principles. The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is known as 'supply'. 'Demand' refers to the quantity that consumers are willing and able to purchase, while 'quantity demanded' is the specific amount of a good consumers are willing to buy at a given price. 'Quantity sold' refers to the actual amount sold in the market, which can be influenced by both supply and demand factors.