A demand schedule indicates the quantities of a product that a buyer is willing to purchase at different prices during a specified time period. Choices A and C are incorrect because a demand schedule typically shows that the quantity demanded decreases as the price increases, and it can illustrate buying plans of all types of buyers, not just individuals in households.

Solved

A Demand Schedule

Question 4

Multiple Choice

A demand schedule:

A) typically indicates that the quantity of a product demanded increases as its price increases.
B) indicates the amounts of a product a buyer would purchase at different prices in a defined time period.
C) only illustrates buying plans of individuals in households; buying plans of
D) all of the above.

Correct Answer: