Question

Any statement about demand for a good is considered complete only when the following is/are mentioned in it ______.

Options

• Price of the good

• Quantity of the good

• Period of time

• All of the above

Answer 1

Any statement about demand for a good is considered complete only when the following is/are mentioned in it Price of the good, Quantity of the good and Period of time.

Explanation:

A complete statement of demand specifies the quantity, the price and the period of time. Each is necessary, so all of the listed details are included.