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).

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