What is the "quantity demanded"?

A) the amount of a good people desire
B) the amount of a good people are able and willing to buy during a specific time period and at a given price
C) the amount of a good people are able and willing to buy at all possible prices
D) the maximum amount of a good that can be consumed during a specific time period
E) the minimum amount of a good that people are willing to buy during a specific time period and at a given price

B

Economics

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________ policies seek to promote rapid industrialization by erecting high barriers to foreign goods to encourage local production,

A) Comparative advantage B) Primary-export-led development C) Import-substitution development D) Outward-looking development

Economics

Refer to the accompanying figure. If demand shifts from D1 to D2, and at the same time, supply shifts from S1 to S2, then according to the figure:

A. the equilibrium quantity will decrease and the equilibrium price will increase. B. the equilibrium quantity will increase and the equilibrium price will increase. C. the equilibrium quantity will increase and the equilibrium price will decrease. D. the equilibrium quantity will decrease and the equilibrium price will decrease.

Economics