Which answer best completes this sentence? quantities listed in market demand schedules are ______________ those found in individual demand schedules.

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quantities listed in market demand schedules are larger those found in individual demand schedules.

What Is a Demand Schedule?

In economics, a demand schedule is a table that shows the quantity demanded of a good or service at different price levels. A demand schedule can be graphed as a continuous demand curve on a chart where the Y-axis represents price and the X-axis represents quantity.

An example of this in everyday life could be frozen pizzas. If the price of a frozen pizza drops just 25%, you might buy three times as much as you normally would on your next grocery trip.

The demand curve is based on the demand schedule. The demand schedule shows exactly how many units of a good or service will be purchased at various price points. It is important to note that as the price decreases, the quantity demanded increases. The relationship follows the law of demand.

There are five significant factors that cause a shift in the demand curve: income, trends and tastes, prices of related goods, expectations as well as the size and composition of the population.

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