ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A demand schedule shows
A
an upward-sloping curve that illustrates the positive relationship between price and quantity demanded.
B
a listing of the various quantities demanded of a particular product at all prices that might prevail in the market.
C
the fluctuations in demand that occurred over a specified period of time.
D
the fluctuations in demand scheduled to occur over the following year.
Explanation: 

Detailed explanation-1: -demand schedule is a listing that shows the various quantities demanded of a particular product at all prices that might prevail in the market at a given time. A demand curve is a graph showing the quantity demanded at each and every price might prevail in the market at a given time.

Detailed explanation-2: -A demand schedule is a listing showing the quantity demanded at all possible prices that might prevail in the market at a given time.

Detailed explanation-3: -In economics, a demand schedule is a table that shows the quantity demanded of a good or service at different price levels. A demand schedule can be graphed as a continuous demand curve on a chart where the Y-axis represents price and the X-axis represents quantity.

Detailed explanation-4: -Answer and Explanation: The listing of the various quantities of a particular product supplied at all possible prices in the market is market supply schedule.

Detailed explanation-5: -A demand curve is graph that shows the relationship between the price of a good or service and the quantity demanded within a specified time frame. Demand curves can be used to understand the price-quantity relationship for consumers in a particular market-corn or soybeans, for example.

There is 1 question to complete.