The demand schedule for a commodity illustrates how the consumption of a commodity changes with changes in ________.

Question

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The demand schedule shows the quantity of a commodity that consumers are willing and able to purchase at various prices. It illustrates the relationship between the price of the commodity and the quantity demanded, holding all other factors constant. Therefore, the consumption of a commodity changes with changes in its price. The other factors listed - supply, income, tastes and preferences - are all determinants of demand that can shift the demand curve, but they are not directly reflected in the demand schedule.

The Demand Schedule for a Commodity Illustrates How the Consumption