Quantity of a product people are willing to buy at a certain price is known as ______.

Related MCQs

• Quantity of a certain goods producers are willing to supply when receiving a certain price is known as ______.
• Positive motivation makes people willing to do their work in the best way they can and improve their ________.
• Producers supply more at a higher price because selling more quantity at higher price increase revenue means what?
• A point where the quantity of goods being supplied is exactly the same as the quantity of goods being demanded is known as _______
• If all other factors remain equal, the higher the price of a good, the fewer people will demand that good means what?
• In which of the following market structure is the degree of control over the price of its product by a firm very large?
• If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
• ______ is an organized group of people with a particular purpose.
• The most simple and popular method of measuring economic development is to calculate the trend of gross national product (GNP) at __________
• The capital that is consumed by an economy or a firm in the production process is known as: