23 October, 18:51

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

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1. 23 October, 19:18
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The correct answer is B, a table showing the quantity demanded for a good at different prices. The demand schedule shows how many people want a specific product depending on its price. For example, if a price decreases, the demand schedule will likely show an increase in quantity demanded, because more people will want something that's cheaper. It doesn't concern demographic changes on demand (which has more to do with the population than the individual), it's not a graph (but instead a table), and it's not an analytical report that shows why a change in goods is happening (instead it just shows the change itself).
2. 23 October, 19:18
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The question says, which phrase defines a demand schedule. The correct option is B. A demand schedule is a table which show the quantity of goods demanded by consumers at different price level. The quantity that will be demanded can be calculated using this table if the price level is given. The demand curve is usually drawn from the demand schedule.