A demand schedule is a table showing how the ____ of some product during a specified period of time changes as ____ changes, holding all other determinants of quantity demanded constant.
A. demand; the price of its complement
B. demand; the quantity supplied
C. quantity demanded; the price of its substitute
D. quantity demanded; the price of that product
Answer: D
You might also like to view...
What is the distinction between the price of capital equipment and the rental rate of capital?
What will be an ideal response?
For long-term stopgap financing of large projects, city governments can issue
A) tax-anticipation notes. B) bond-anticipation notes. C) general obligation bonds. D) revenue bonds.
A price ceiling is
A) the lowest price a seller can charge without losing all of its customers. B) a legal minimum price below which a good or service cannot be sold. C) a legal price above which a good or service cannot be sold. D) a nonprice rationing device.
The resource based view locates the source of competitive advantage at the
a. Individual firm level b. Industry level c. Both a and b d. None of the above