The amount of a good that buyers are willing and able to buy at a specific price is known as: demand

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The amount of a good that buyers are willing and able to buy at a specific price is known as: demand. sales. quantity demanded. product quantity. 3. The effect describes the change in consumer purchasing power that occurs when the price of a good changes. demand supply income substitution 4. The price of chicken has doubled. As a result, Andre will purchase pork instead of chicken. This is an example of the effect. substitution demand increasing cost income eos 5. A positive relationship between price and quantity supplied implies that as price: goes up, quantity supplied falls. goes up, quantity supplied rises. falls, supply falls. goes up, supply goes up. 6. The sum of individual supply for a product at each price is: quantity supplied. quantity demanded. market supply. market demand. 7. Where quantity supplied equals quantity demanded, the market is experiencing: recession. excess surplus. excess demand. equilibrium.