ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -A demand schedule is a table that shows the quantity demanded at each price. A demand curve is a graph that shows the quantity demanded at each price.
Detailed explanation-2: -The given statement is false. A demand schedule lists the price and quantity demanded. It means the price in one column and quantity demanded in other columns.
Detailed explanation-3: -What Is the Demand Curve? The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.
Detailed explanation-4: -In a demand curve the price is shown on the left axis while the quantity demanded is shown on the right axis. Demand curve is sometimes also known as demand schedule as it is a graphical representation of the demand schedule.