Fill in the blank!!:)

The ________ show(s) the quantity of a good consumers would be willing and able to purchase at a given time for a range of prices, while holding all other factors constant.

A. demand curve

B. supply curve

C. demand schedule

D. supply schedule

E. demand curve and demand schedule

**What do y'all think?! thanks!!

Question

Fill in the blank!!:)

The ________ show(s) the quantity of a good consumers would be willing and able to purchase at a given time for a range of prices, while holding all other factors constant.

A.  demand curve

B.   supply curve

C.  demand schedule

D.  supply schedule

E.  demand curve and demand schedule

**What do y'all think?! thanks!!

ganeshie8 · Answer

http://en.wikipedia.org/wiki/Demand_curve

anonymous · Answer

ohhh okay, so it's demand curve? :O

ganeshie8 · Answer

demand is the maximum price that a customer is willing to pay for a particular good/service, yes ?

anonymous · Answer

yes:)

ganeshie8 · Answer

what variables do you have on x-axis and y-axis for a demand curve ?

anonymous · Answer

quantity and price?

ganeshie8 · Answer

Quantity - x axis
Price - y axis

anonymous · Answer

yes:D

ganeshie8 · Answer

so you collect the information about "(quantity, price)" and plot a scatter plot

anonymous · Answer

ohh okay:)

ganeshie8 · Answer

approximating it to a best fit curve gives you the demand curve

anonymous · Answer

okie :D

ganeshie8 · Answer

so yeah demand curve does show the relationship between "Quantity" the customer is willing to buy at a given "Price"

anonymous · Answer

ahh yay!! thanks so much!! :D

anonymous · Answer

@ganeshie8 we went over the answers in class today and the answer was actually E! Demand curve AND demand schedule!

ganeshie8 · Answer

Oh no, but thnks!

anonymous · Answer

:)