A demand schedule is a numerical tabulation of
A) prices and quantities supplied.
B) costs and quantities demanded.
C) prices and quantities demanded.
D) incomes and quantities demanded.

Question

Quizplus · Accepted Answer

A demand schedule shows the different quantities of a good or service that consumers are willing and able to buy at different prices. Therefore, it includes both prices and quantities demanded. Option A refers to a supply schedule, which displays the different quantities of a good or service that producers are willing and able to sell at different prices. Option B refers to a cost schedule, which lists the various costs involved in producing a good or service. Option D refers to an income schedule, which shows how changes in income levels affect the quantity demanded of a particular good or service.

A Demand Schedule Is a Numerical Tabulation of