A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is
A) a market.
B) supply.
C) demand.
D) the market clearing price.

Question

Quizplus · Accepted Answer

A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is known as the demand curve. It represents the willingness of consumers to pay for the goods and services at different prices. Thus, option C is the correct answer. A market is a place where buyers and sellers of goods and services exchange them. Supply refers to the quantity of a good that producers are willing to sell in the market at a particular price. The market clearing price is the price at which the quantity demanded equals the quantity supplied.

A Schedule of Amounts of a Good That People Will