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Quantity

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AP Microeconomics

Definition

Quantity refers to the amount or number of units produced or consumed in a given time period.

"Quantity" also found in:

Subjects (4)

Practice Questions (5)

A natural disaster destroys a significant portion of agricultural crops. What is the likely impact on the equilibrium price and quantity of the affected crops?
What is the relationship between average total cost (ATC) and average variable cost (AVC) as quantity increases?
What happens to the profit at the point where quantity = MR=MC?
What is the effect on profit if a firm produces at a quantity where MR < MC?
Which point represents the socially optimal price and quantity in a regulated monopoly?

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