Use the following to answer questions :
Figure 3-5
-According to the standard supply and demand apparatus, line A in Figure 3-5 should represent:
A)a supply schedule.
B)a demand schedule.
C)points where supply and demand are equal.
D)a demand schedule when income is rising.
E)none of the above.

Question

Use the following to answer questions :
Figure 3-5 
-According to the standard supply and demand apparatus, line A in Figure 3-5 should represent:
A)a supply schedule. 
B)a demand schedule. 
C)points where supply and demand are equal. 
D)a demand schedule when income is rising. 
E)none of the above.

Quizplus · Accepted Answer

In the standard supply and demand apparatus, a line that slopes downward from left to right represents a demand schedule, indicating that as the price decreases, the quantity demanded increases, and vice versa.

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