When Referring to Demand, the Extensive Margin Refers to

question 56

Multiple Choice

When referring to demand, the extensive margin refers to

• A)how much each consumer buys
• B)how many consumers are in the market
• C)to what extent does elasticity play a role
• D)how much is the marginal utility for each consumer

---

Definitions:

Polk Common Stock

A fictional example, likely referring to shares of common stock issued by a company named "Polk."

Purchase

The act of buying goods or services, often reflected in the financial transactions of a business.

Sale

A transaction between two parties where the buyer receives goods, services, or assets in exchange for money.

Equity Interest

An ownership interest in a company, represented by stock or shares, entitling the holder to a claim on assets and profits.