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Which phrase defines a demand schedule? A.)a chart showing the impact of demographic changes on demand B.)a table showing the quantity demanded for a good at different prices C.)a graph tracking the increase in demand at decreasing prices D.)a report analyzing factors causing a change in demand for goods

Kyle Mckinney

in Business

1 answer

1 answer

William Cain on February 27, 2018

The correct answer is B, a table that shows the quantity demanded of a good at different prices. The hours of demand shows how many people want a specific product in function of its price. For example, if the price decreases, the demand, the schedule is likely to show an increase in the quantity demanded, because more people are going to want something that is cheaper. It is not the concern of the demographic changes in the demand (which has more to do with the population of the person), there is a chart (but instead of a table), and not an analytical report that shows why a change in the goods which it is happening (instead it just shows the change in and of itself).

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