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

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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.

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User TreeAndLeaf
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