Economics: Demand and its Determinants

The quantity of a good or service that consumers are willing and able to purchase at a given price (correct)

The total amount of a good or service that consumers are willing to buy at any price

The amount of a good or service that consumers want but cannot afford to buy

The level of desire for a good or service by consumers

Demand remains unchanged

Demand increases (correct)

Demand becomes unpredictable

Demand decreases

Increases demand for both normal and inferior goods

Increases demand for normal goods and decreases demand for inferior goods (correct)

Decreases demand for normal goods and increases demand for inferior goods

No effect on demand

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