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What does it mean when economists say that the quantity demanded for a product has increased?

User Schneyer
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Final answer:

When economists say that the quantity demanded for a product has increased, it means that more units of the product are being bought at a given price.

Step-by-step explanation:

When economists say that the quantity demanded for a product has increased, it means that more units of the product are being bought at a given price. The quantity demanded is the total number of units that consumers would purchase at a specific price.

An increase in quantity demanded can occur when the price of a product decreases, which makes it more attractive to buyers. This is known as the law of demand, which states that as price decreases, quantity demanded increases, and vice versa.

User TreeAndLeaf
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