quantity demanded
Definition
The amount of goods which would be demanded at a particular price. If non-price factors that could influence demand are removed, then the higher the price of a good the lower the quantity of that good will be demanded. It is the inverse of the law of supply, and is directly related to the law of demand.
Use quantity demanded in a sentence
“ You need to know that you will be able to handle all of the quantity demanded of your business before you close the deal. ”
“ For strawberries, the quantity demanded causes their price to decrease when they come in season every May and increase when they go out of season in september. ”
“ Because the quantity demanded happened to be so low at the moment we checked the price, we were astonished by the new price after the supply was re-established. ”
