The quantity of rice that a consumer is willing and able to buy during a given period is simply the consumer's
Answer Details
The correct answer is: demand for rice.
The quantity of rice that a consumer is willing and able to buy during a given period is known as the consumer's demand for rice. Demand is a fundamental concept in economics, and it refers to the amount of a product or service that consumers are willing and able to purchase at a given price and within a specific period. It is affected by various factors such as consumer income, the price of the product, the availability of substitute products, and consumer preferences. When the price of rice goes up, the quantity of rice that consumers are willing and able to buy decreases, and when the price goes down, the quantity of rice that consumers are willing and able to buy increases. This relationship is known as the law of demand, which states that there is an inverse relationship between the price of a product and the quantity of the product that consumers are willing and able to buy.