Complete the following table by selecting the term that matches each definition.

Question

Complete the following table by selecting the term that matches each definition. Quantity Demand Demand Law of Demanded Curve Schedule Demand Definition The daim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises A table showing the relationship between the grice of a oood and the amount that buyers are willing and able to purchase at various prices The amount of a good that buvers are willing and able to aurchase at a gsiven price A graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices

Explanation / Answer

Law of Demand: The claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises.

Demand Schedule: A table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.

Quantity Demanded: The amount of a good that buyers are willing and able to purchase at a given price.

Demand Curve: A graphical object showing the relationship between the price of a good and the amount of the good buyers are willing and able to purchase at various prices.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.