The alternative quantities demanded for a given time period at different possible prices is known as
A) absolute demand.
B) a demand schedule.
C) real demand.
D) constant demand.

Question

Quizplus · Accepted Answer

The alternative quantities demanded for a given time period at different possible prices is known as a demand schedule. Option A, absolute demand, is not a commonly used term in economics. Option C, real demand, refers to the quantity of goods or services that consumers are actually buying at a given price, which may or may not be the same as the quantity demanded at that price. Option D, constant demand, implies that the quantity demanded remains the same regardless of the price, which is unlikely to occur in reality.

The Alternative Quantities Demanded for a Given Time Period at Different