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8 August, 00:05

Match the following definitons with appropriate options given in below:

Definitions:

1. A graphical representation of 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.

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

3. The claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.

4. 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.

Options:

O Quantity Demanded

O Demand Curve

O Demand ScheduleO Law of Demand

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Answers (1)
  1. 8 August, 00:53
    0
    1. A graphical representation of 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.

    -Demand Curve

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

    -Quantity Demanded

    3. The claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.

    -Law of Demand

    4. 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.

    -Demand Schedule
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