[This is part of the series: The Complete Guide To Economics 101.]
What is quantity demanded?
Quantity Demanded is the amount of a particular good or service that people are willing to buy.
As you can imagine, a lot of different things influence quantity demanded.
For example, some of the variables that might influence my quantity demand for fresh lemonade over a certain time period include:
- The temperature outside
- My amount of physical activity
- The price of lemonade
- And the price of a Coke