A demand and supply schedule is derived from market research and other systematic studies of the market.

Question

Quizplus · Accepted Answer

A demand and supply schedule is a representation of the quantity of a good or service that buyers are willing and able to purchase at various prices over a specific period of time. This information is derived from market research and other systematic studies of the market to determine the demand and supply of the product. Therefore, the statement is true.

A Demand and Supply Schedule Is Derived from Market Research