Information on the quantities that would be purchased at different prices,holding all other factors constant,in a given time period from a group of firms is shown in a:
A) firm demand curve.
B) market demand curve.
C) firm demand schedule.
D) market supply schedule.
E) firm supply curve.

Question

Quizplus · Accepted Answer

The information on the quantities that would be purchased at different prices from a group of firms is showing the overall demand for that product in the market. Hence, the best choice is a market demand curve, which represents the total quantity of a good or service that consumers are willing and able to purchase at different prices in a given period, holding all other factors constant. A firm demand curve would only represent the quantity demanded by an individual firm at different prices, and a firm demand schedule would list the quantity that an individual firm would demand at different prices. Market supply schedule and firm supply curve are not relevant to the given information.

Information on the Quantities That Would Be Purchased at Different