QUANTITY DEMAND

What is a factor that can affect how much of a product a person wants to buy?

• The color of the product's packaging
• The product's price
• advertisement

• The product's availability in local stores

What is quantity demand?

• The amount of a product available in the market.

• The amount of a product consumers are willing and able to buy at a specific price and time.

• The amount of profit a business makes from selling a product.

TRUE/FALSE: If the price of a product decreases, the quantity demand for that product will generally increase.

True or False: Changes in consumer preferences, income levels, and prices of related goods can influence quantity demand.

What factors can influence quantity demand?

• Price, income, and consumer preferences.

• Market competition, advertising, and government regulations.

• Seasonal changes, the weather, and the day of the week.