Question

When economists refer to "demand," they are speaking of: how much everyone wants of all products bought and sold in the nation. a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period. a single price and quantity combination. a "desire" for a product rather than a "need" for the product regardless of the price. all of the above?

Answer 1

When economists refer to "demand," they are speaking of a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.