The term used for the total demand of a product across all buyers is?

The term used for the total demand of a product across all buyers is?

• A. Market Demand
• B. Demand
• C. Aggregation
• D. Extension in Demand

Answer: (A)

The total demand of a product across all buyers is market demand. This term captures the combined quantity that all consumers in the market are willing and able to buy at each price. It’s found by adding up every individual’s quantity demanded at each price, so it reflects the overall demand in the market rather than just one person’s demand. Other terms don’t fit as well: simply “demand” can refer to an individual’s desire and ability to buy, not the whole market; “aggregation” describes the process of combining quantities but isn’t the standard label for the total market demand; “extension in demand” isn’t a standard term in this context.

The total demand of a product across all buyers is market demand. This term captures the combined quantity that all consumers in the market are willing and able to buy at each price. It’s found by adding up every individual’s quantity demanded at each price, so it reflects the overall demand in the market rather than just one person’s demand.

Other terms don’t fit as well: simply “demand” can refer to an individual’s desire and ability to buy, not the whole market; “aggregation” describes the process of combining quantities but isn’t the standard label for the total market demand; “extension in demand” isn’t a standard term in this context.