Question

1.      Which of the following statements is true?*

a.      To an economist, demand is different from quantity demanded.

b.      A demand schedule is the numerical tabulation of the law of demand.

c.      A demand curve is the graphical representation of the direct relationship between price and quantity demanded.

d.      a and b

e.      a, b, and c

Answer 1

b) A demand schedule is the numerical tabulation of the law of demand.