When economists talk about a demand schedule for a product, they mean
A) the amount of a good that consumers intend to purchase at each price in a set of possible prices in a given time period.
B) the amount of a good that consumers are able to purchase (though they might not be willing to) at different prices in a given period of time.
C) the amount of a good that consumers intend to purchase at only one particular price in a given period of time.
D) the amount of a good that producers are willing to make available for sale at a particular price in a given time period.
A
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Something is called a barrier to entry only if it makes entry into an industry absolutely impossible
a. True b. False
Which of the following is included in the investment component of GDP?
a. spending to build new houses b. spending to build new factories c. spending on business equipment such as welding equipment d. All of the above are included in the investment component of GDP.