A table that shows the relationship between the price of a good and the quantity demanded of that good is called a(n)

Question

Quizplus · Accepted Answer

A demand schedule shows the relationship between price and quantity demanded, and is typically presented in the form of a table. Option A is incorrect because "price-quantity" is not a commonly used term in economics. Option B is incorrect because a complementary good is a different concept referring to a good that is often consumed together with another good. Option D is incorrect because an equilibrium schedule refers to the combination of price and quantity at which there is no excess supply or excess demand for a good in a market.

A Table That Shows the Relationship Between the Price of a Good