quantity demanded


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Quantity Demanded

The number of goods demanded at a particular price. Demand-side economics states that, unless non-price factors (like brand loyalty) are involved, demand will drop in proportion to each rise in price. See also: Keynesianism.

quantity demanded

the amount of a PRODUCT (or FACTOR OF PRODUCTION) that consumers (or firms) buy in a given time period. The quantity demanded of a product depends upon the product's own price, consumers’ income, price of substitute products, etc. See DEMAND FUNCTION, DEMAND CURVE, DERIVED DEMAND.
References in periodicals archive ?
For instance, at a price below $20, the amount that buyers are willing to buy exceeds the amount that sellers are willing to part with, whereas the opposite scenario prevails at a price above $20, with the quantity supplied at such a price outstripping the quantity demanded.
This means if the price of the good changes, then the quantity demanded will change by the same proportion.
We estimated four different implications of the prices: (a) Quantity demanded for OP care; (b) Influence of IP price on demand for OP care; (c) Quantity demanded for IP care; and (d) Influence of OP price on demand for IP care.
But, without an excise tax and other controls on supply, such as the licensing of production, to keep the price of marijuana high, the fall in the price of marijuana might be very substantial, much more than the 50 percent fall that appears to be associated with decriminalization, with the result that the increase in the quantity demanded would be much greater.
t] Sugarbeen quantity demanded in period t Table 2: Estimates of the Three Stages Least Squares (TSLS) for Supply Curve Variables and Intercept Coefficient t-ratio Ln[P.
Arnold (2008) Boyes and Melvin (2009) Frank and Bernanke (2011) Gwartney, Stroup, Sobel, and Macpherson (2006) O'Sullivan, Sheffrin, and Perez (2010) Bade and Parkin (2011) Case, Fare, and Oster (2009) Hubbard and O'brien (2010) Mankiw (2007) McConnell, Brue, and Flynn (2009) McEachern (2006) Miller (2011) Slavin (2011) Stiglitz and Walsh (2006) Tucker (2006) Table 2 Price Quantity Supplied Quantity Demanded $ 0 0 1000 $ 1 20 270 $ 2 30 160 $ 3 40 100 $ 4 60 90 $ 5 80 80 $ 6 100 70 $ 7 130 55 $ 8 170 20
t], identifies aggregate quantity demanded at time t.
2], quantity demanded tends to increase as the price is lowered while quantity supplied decreases.
This cost is determined by the initial price and quantity demanded and the new quantity demanded, which depends on consumer response to an increase in food stamp benefits.
Price elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in price.
There, the quantity of money becomes the quantity demanded at an exogenously determined price level.
That framework suggested that, starting from a state of equilibrium in which supply was equal to demand, an increase in supply of a particular good would lead to a reduction in price, which in turn would induce individuals to increase the quantity demanded of the good to the point where the market was once again in equilibrium.