Economists Use the Term Quantity Demanded to Summarize

question 67

Multiple Choice

Economists use the term quantity demanded to summarize

• A) the activities of profit-oriented businesses.
• B) how the concept of scarcity applies to the world.
• C) how changes in price influence the quantity we want to buy.
• D) the behaviour of irrational consumers interacting with government in the marketplace.
• E) how changes in factors other than price will influence the quantity we want to buy.

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