ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What shows the quantities of products demanded at each price by all consumers in a market
A
Demand schedule.
B
demand
C
supply
D
None of the above
Explanation: 

Detailed explanation-1: -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-2: -Market demand is the total quantity demanded by all consumers in a market for a given good.

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: -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.

Detailed explanation-5: -Individual Demand Schedule. Market Demand Schedule.

There is 1 question to complete.