Asked by michelle hopkins on Jun 09, 2024
Verified
A demand schedule is a table that shows the relationship between
A) quantity demanded and quantity supplied.
B) income and quantity demanded.
C) price and quantity demanded.
D) price and income.
Demand Schedule
A table that shows the quantity of a product or service demanded at various prices.
Quantity Demanded
The amount of a good or service that consumers are willing and able to purchase at a given price.
Price
A measure of the monetary value assigned to a product or service, indicating what must be given up to obtain it.
- Illuminate the core principle of the law of demand.
Verified Answer
NF
Nisreen FaresJun 15, 2024
Final Answer :
C
Explanation :
A demand schedule specifically shows the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase at various prices, hence option C is correct.
Learning Objectives
- Illuminate the core principle of the law of demand.