When There Is a Change in the Quantity Demanded It

question 96

Multiple Choice

When there is a change in the quantity demanded it means that

• A) the hours the customer can buy products each day have increased.
• B) the number of products in inventory have increased.
• C) the quantity a consumer is willing to buy changes when the price changes.
• D) the selling price of the products has not changed.

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Definitions:

Goods And Services

The products and activities that satisfy human wants or needs, goods being tangible items and services being intangible.

Barter

A system of exchange where goods or services are traded directly for other goods and services without the use of money.

Commodity Money

Commodity Money is a type of currency in which the value comes from a commodity of which it is made, such as gold or silver coins.

Largely Self-Sufficient

Describes an entity or community that can fulfill nearly all of its needs without external assistance.