Question

A)Please select the term that matches each definition.

Term:
a. Quantity Demanded
b. Demand Curve
c. Demand Schedule
d. Law of Demand
Definition:
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

Answer 1

The definitions for the following terms are explained below.

Step-by-step explanation:

A. Quantity Demanded is the amount of a good that buyers are willing and able to purchase at a given price.

B. Demand Cure is a graphical representation of the relationship between the price of a good that buyers are willing and able to purchase at various prices.

C. Demanded Schedule is 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.

D. Law Of Demand is to claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.