A demand schedule is a:
A. graph which shows the quantities of a particular good or service that consumers are willing to purchase at various prices.
B. table which shows the quantities of a particular good or service that consumers are willing to purchase at various prices.
C. line which shows the quantities of a particular good or service that consumers are willing to purchase at various prices.
D. table which shows the quantities of a particular good or service that consumers are willing to purchase at various income levels.
Answer: B
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The organization of the context and process in which people make decisions is called:
A. political structure. B. choice architecture. C. ways and means theory. D. choice structure.
Profit is defined as total revenue
a. plus total cost. b. times total cost. c. minus total cost. d. divided by total cost.
Even in the United States, not all allocation is carried out in a market because, in some cases, people
Based on the information in the table, if the public had not decided to hold more currency in 1932, but the actions of the Federal Reserve and the banks remained the same, the money supply at the end of 1932 would have been: Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $35.9 billion B. $34.2 billion C. $36.1 billion D. $33.8 billion