In which of the following statements are the terms "demand" and "quantity demanded" used correctly?

A) When the price of ice cream rose,the demand for both ice cream and ice cream toppings fell.
B) When the price of ice cream rose,the quantity demanded of ice cream fell,and the demand for ice cream toppings fell.
C) When the price of ice cream rose,the demand for ice cream fell,and the quantity demanded of ice cream toppings fell.
D) None of these statements use the terms correctly.

Question

Sebastian Espinoza · Accepted Answer

Final Answer : B, Explanation :  Demand refers to the overall desire for a good or service, while quantity demanded refers specifically to the amount of that good or service that consumers are willing and able to buy at a given price. Statement B correctly uses both terms by indicating that the quantity demanded of ice cream falls as its price rises, while the demand for ice cream toppings falls as a result of the decrease in the quantity demanded of ice cream.

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