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

Question

Quizplus · Accepted Answer

A demand schedule is a table showing the quantity of a product that consumers are willing and able to buy at different prices during a specified period of time, while holding constant all other determinants of quantity demanded, such as income, tastes, and preferences. Therefore, the answer is D because the demand schedule shows how the quantity demanded changes as the price of that product changes, while other factors remain constant.

A Demand Schedule Is a Table Showing How the ____