The Quantity Demanded Is

question 389

Multiple Choice

The quantity demanded is

• A) always equal to the equilibrium quantity.
• B) independent of the price of the good.
• C) the amount of a good that consumers plan to purchase at a particular price.
• D) independent of consumers' buying plans.

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Definitions:

Statement Form

The logical structure of a statement that allows it to be classified based on the arrangement and type of its components.

Open Sentence

A mathematical or logical expression containing one or more variables that can be considered true or false depending on the values of those variables.

Quantified Existential

In logic, a quantified existential statement asserts the existence of at least one object or instance that satisfies a certain condition.

Quantity

A property that exists as magnitude or multitude, used in both mathematics and logic to specify the extent or size of a set or group.