When economists talk about a demand schedule for a product, they mean
A) the amount of a good that consumers intend to purchase at each price in a set of possible prices in a given time period.
B) the amount of a good that consumers are able to purchase (though they might not be willing to) at different prices in a given period of time.
C) the amount of a good that consumers intend to purchase at only one particular price in a given period of time.
D) the amount of a good that producers are willing to make available for sale at a particular price in a given time period.

Question

Quizplus · Accepted Answer

A demand schedule is a table that shows the quantity of a good that consumers are willing to purchase at each possible price in a given time period. Therefore, option A is the correct choice. Option B is not correct because it refers to the ability to purchase, not the intention to purchase. Option C is not correct because a demand schedule includes multiple prices. Option D describes a supply schedule, not a demand schedule.

When Economists Talk About a Demand Schedule for a Product