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The amount of the goods that the consumers actually purchase during a specific period is called ______. - Economics

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Question

The amount of the goods that the consumers actually purchase during a specific period is called ______.

Options

  • intended demand

  • ex ante demand

  • unplanned demand

  • ex post demand

MCQ
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Solution

The amount of the goods that the consumers actually purchase during a specific period is called ex post demand.

Explanation:

  • Ex post demand refers to the actual quantity of goods purchased by consumers during a specific time period.
  • It is based on real transactions, not intentions or plans.
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Chapter 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [Page 25]

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Frank Economics [English] Class 12 ISC
Chapter 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 1. | Page 25
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