Question

Match these items. Match the items in the left column to the items in the right column. 1. demand table that shows the relationship between price and quantity demanded 2. demand schedule table that shows the relationship between price and quantity supplied 3. supply quantity of a good or service that producers make and put in the market 4. supply schedule willing and able to consume

Answer 1

The matching of the terms relating to demand will be:

1. table that shows the relationship between price and quantity demanded - demand schedule

2. table that shows the relationship between price and quantity supplied - supply schedule

3. quantity of a good or service that producers make and put in the market - supply

4. willing and able to consume - demand

How to illustrate the information?

It should be noted that demand simply means the amount if goods and services that a consumer is willing and able to buy at a particular price.

The supply is the quantity of a good or service that producers make and put on the market. A table that displays the quantity demanded at each price is known as a demand schedule. A graph of the quantity demanded at each price is called a demand curve. Because it is a graphical representation of the demand schedules, the demand curve is occasionally referred to as a demand schedule.

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