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.