Quantity demanded – The amount of a product that a household
would be willing and able to buy within a certain time frame at the current
market price.
Quantity of labor demanded – The total labor hours that all
firms in the economy plan to hire at a given real wage rate during a certain
period of time.
Quantity of labor supplied – the total labor hours that all
households plan to work given a real wage rate and during a certain period of
time.
Quantity supplied – The amount of a good or service that a
firm would be willing and able to sell at a given price during a given period
of time.
Quantity theory of money – The theory based on the equation
MV = PY and also assumes that the velocity of money (V) is held constant.
Queuing – A method of allocating goods using a nonprice
mechanism. May involve waiting in a
line, also known as “first come first serve”.
Quota – A limit on the quantity of imports allowed into a
country.
