A market demand schedule shows:

A how many units of a product individual consumers buy on a regular basis.

B how much of a good or service all consumers are willing and able to purchase at different prices.

C The additional total product that can be made by adding one additional worker.

D The total cost of products and the number of workers.

Question

Mathematics

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10 October, 09:00

A market demand schedule shows:

A how many units of a product individual consumers buy on a regular basis.

B how much of a good or service all consumers are willing and able to purchase at different prices.

C The additional total product that can be made by adding one additional worker.

D The total cost of products and the number of workers.

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Answers (1)

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Summer Dyer · Answer 1

I believe a market demand schedule shows how much of a good or service consumers are willing and able to purchase at different prices. It is the tabulation of the quantity of a good that all consumers in a market will purchase at a given price. There is an inverse relationship between the price and the quantity demanded, such that increase in the price causes a decrease in demand while decrease in price causes an increase in demand.