Demand is a schedule of
A) how much of a good a person wants.
B) how much of a good people will purchase at each different possible price.
C) how much of a good people will purchase at each income level.
D) each possible price and the amount people will buy when their incomes change.
B
Economics
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Commodities that last less than three years and may be consumed very quickly are called:
A) durable goods B) nondurable goods C) services D) none of the above
Economics
For which of the following is demand most likely to be price inelastic?
a. lamb b. meat c. veal d. pork e. beef
Economics