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18 November, 10:13

What is the term for the total number of units that are purchased at that price?

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  1. 18 November, 13:11
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    Answer: Quantity demand

    Explanation:

    Quantity demand is known to be the amount of goods and services which a consumer desire to purchase and pay for at a specified period of time. A consumer must be willing to buy a product during the time it is needed at a price which he or she can pay for it in the market. Thus, as the price of a good rises, consumer will purchase less and as the price of a good falls, consumer will purchase more of the good.
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