ENTREPRENEURSHIP

Detailed explanation-1: -Quantity demanded is how many things a consumer will purchase at a specific price. Quantity demanded is a more detailed metric. 1 Graphed out, demand is the entirety of the demand curve, whereas quantity demanded is a single point.

Detailed explanation-2: -A market-clearing price is the price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price.

Detailed explanation-3: -Definition: Quantity demanded is the quantity of a commodity that people are willing to buy at a particular price at a particular point of time.

Detailed explanation-4: -Quantity demanded is the amount of a good or service that a consumer wants at a certain price at a certain time. Quantity demanded has an inverse relationship with price, and it will decrease as price increases.

Detailed explanation-5: -The main difference between demand and quantity demanded is this: Demand refers to the willingness of consumers to buy different amounts of products or services at different prices. Quantity demanded refers to the willingness of consumers to buy a specific quantity of a specific product or services at a specific price.