ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A table that lists the quantity of a good that a single person will buy at each price in a market.
A
demand schedule
B
market demand schedule
C
elasticity chart
D
supply and demand graph
Explanation: 

Detailed explanation-1: -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-2: -A demand schedule is a table that lists the quantity of a good a person will buy at each different price.

Detailed explanation-3: -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. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls.

Detailed explanation-4: -The demand curve is a line graph utilized in economics, that shows how many units of a good or service will be purchased at various prices. The price is plotted on the vertical (Y) axis while the quantity is plotted on the horizontal (X) axis.

Detailed explanation-5: -Demand schedule is referred to as a tabular representation or a tabular statement that shows various quantities of commodities that are demanded at different price levels at a specific time period. A demand schedule will show the exact number of units of goods and services that will be bought at each price.

There is 1 question to complete.