Economists prefer to talk about the "quantity demanded" rather than the "quantity needed" or the "quantity wanted" because
What will be an ideal response?
they associate quantity demanded with the amount a person plans to purchase at a particular price.
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The values on the axes of the long-run aggregate supply diagram are
A) real GDP and interest rates. B) real GDP per year and the price level. C) nominal GDP and the price level. D) real GDP and nominal GDP.
Almost all corporate bonds are sold through
A) auction markets. B) brokers. C) commercial banks. D) underwriting syndicates.
If the graph shown is displaying a competitive labor market, the equilibrium wage in the market would be:
A. Q*.
B. P*.
C. S.
D. D.
In order to maximize net benefits, the managerial control variable should be used up to the point where:
A. net marginal benefits equal zero. B. total costs equal total benefits. C. average costs equal marginal benefits. D. average benefits equal marginal costs.