Question

The demand schedule for a product shows the relationship between how much of the product buyers are willing and able to buy and the

1. time period, say, from one month to the next.
2. cost of producing the product.
3. product's price.
4. buyers' incomes.

Answer 1

A demand schedule is a table that shows the quantity demanded at different prices in the market. A demand curve shows the relationship between quantity demanded and price in a given market on a graph. The law of demand states that a higher price typically leads to a lower quantity demanded.

Step-by-step explanation:

A demand schedule is a table that shows the quantity demanded at different prices in the market. A demand curve shows the relationship between quantity demanded and price in a given market on a graph. The law of demand states that a higher price typically leads to a lower quantity demanded.