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Kenya Thomas
on Oct 12, 2024

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If quantity demanded increased by 5 units at each price,you would conclude that

A) demand increased.
B) demand decreased.
C) supply increased.
D) supply decreased.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a certain price during a defined time frame.

Demand

The willingness and financial capacity of individuals to buy goods and services at certain price levels.

  • Recognize the determinants that result in shifts in demand and supply.
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2E
2020 Elijah PrattOct 18, 2024
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