What is the "quantity demanded"? A) the maximum amount of a good that can be consumed during a specific time period 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 desire D) the amount of a good people are able and willing to buy at all possible prices

Q: demanded?

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Q: Question 6

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A: Given, Q = a+bP

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A: The good is known as INFERIOR GOOD

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A: Option (a).

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A: Equilibrium is where quantity demanded = quantity supplied.

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