Question

Demand for a product is Select one; a. a number b. a set of numbers c....

Demand for a product is

Select one;

a. a number

b. a set of numbers

c. none of the above

Homework Answers

Answer #1

OPTION B A SET OF NUMBER

Demand is a schedule that shows the various quantities that consumers are willing and able to buy at various prices in a given time period, ceteris paribus. We should look more closely at this definition

Demand is a table of numbers. Look at the table below. The whole table might represent my demand for pizza.

any point on a graph represents two numbers(which is a set of price and quantity demanded)

Same you can see in table we have a set of two numbers ( price and quantity).

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The demand curve for a monopoly is: Select one: a. none of the above. b. the...
The demand curve for a monopoly is: Select one: a. none of the above. b. the MR curve above the AVC curve. c. the MR curve above the horizontal axis. d. the entire MR curve.
The price elasticity of demand measures: Select one: a. the percentage change in quantity demanded of...
The price elasticity of demand measures: Select one: a. the percentage change in quantity demanded of a good in response to a one percentage change in income b. none of the above c. the change in the number of units demanded of a good in response to a one percentage change in its price d. the percentage change in quantity demanded of a good in response to a one dollar change in its price
What do you mean a sparsity matrix? Select one: a. None of the above b. All...
What do you mean a sparsity matrix? Select one: a. None of the above b. All of the above c. Representation of non zero elements d. Representation of null element The maximum number of elements in an array is one number higher than the index. Select one: True False The term data structure is used to denote a particular way of organizing data for particular types of operation. Select one: True False In which situation do you use a sparse...
(1) 43 is the same as Select one: a. 16 b. 64 c. 8 d. none...
(1) 43 is the same as Select one: a. 16 b. 64 c. 8 d. none of the above (2) A man buys 3 burgers and 2 jumbo deluxe fries for $7.40. A woman buys one burger and 4 jumbo deluxe fries for $7.80. How much is the burger and how much are the fries? Select one: a. Burger = $1.40, Fries = $1.60 b. Burger = $1.50, Fries = $1.80 c. Burger = $2.80, Fries = $2.00 d. Burger...
15. Which of the following events could decrease the demand for labor? Select one: a. a....
15. Which of the following events could decrease the demand for labor? Select one: a. a. An increase in the number of migrant workers b. a. An increase in the marginal productivity of workers 31. Which of the following is not an example of capital used in production? Select one: a. a. an accountant’s education b. a. a landscaper’s time c. a. a manufacturer’s factory d. a. a teacher’s chalkboard c. a. A decrease in the supply of labor d....
The adjusting entry to accrued wages credits Select one: a) Wages payable b) Wage expense c)...
The adjusting entry to accrued wages credits Select one: a) Wages payable b) Wage expense c) None of the above
In the Powerball® lottery, the player chooses five numbers from a set of 69 numbers without...
In the Powerball® lottery, the player chooses five numbers from a set of 69 numbers without replacement and one “Powerball” number from a set 26 numbers. The five regular numbers are always displayed and read off in ascending order, so order does not matter. A player wins the jackpot if all six of the player’s numbers match the six winning numbers. a. How many different possible ways are there to select the six numbers? b. How many tickets would someone...
Demand-pull inflation is caused by: Select one: a. anything that increases costs of production. b. anything...
Demand-pull inflation is caused by: Select one: a. anything that increases costs of production. b. anything that increases aggregate demand. c. anything that pulls down aggregate demand. d. market power that increases profits. Large-scale immigration of low-skill immigrants can result in: Select one: a. lower employment of native-born workers in low skill labor markets. b. higher overall employment in low skill labor markets. c. a lower wage in low skill labor markets. d. all of the above. A tax base...
In a normally distributed quantitative trait, the variance determines: Select one: a. number of modes b....
In a normally distributed quantitative trait, the variance determines: Select one: a. number of modes b. median of the distribution c. mode of the distribution d. skew about the mean e. none of these
[5] One reason buyers demand less of a product as its price increases is: A) substitute...
[5] One reason buyers demand less of a product as its price increases is: A) substitute goods are usually available. B) high-priced goods place buyers in higher tax brackets. C) buyers must save more of their incomes as prices increase. D) sellers offer less of the product for sale as its price increases. [6] Which of the following explains why consumers purchase less of a good or service when its price increases? A) A limited income from which purchases can...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT