Quantity demanded is a term used in economics to describe the total amount of a good or service that consumers demand over a given period of time. It depends on price.

The optimal order quantity, also called the economic order quantity, is the most cost-effective amount of a product to purchase at a given time. It's an important calculation, because holding too ...

Equilibrium quantity is when there is no shortage or surplus of a product in the market. Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the ...