The demand schedule for a good:
a. indicates the quantity that people will buy at the prevailing price.
b. indicates the quantities that suppliers will sell at various market prices.
c. indicates the quantities that will be purchased at alternative market prices.
d. is determined primarily by the cost of producing the good.
Question 2
Faster growth rates by a major trading partner, combined with an increase in stock market wealth, would have what effect on aggregate demand?
a. AD would increase.
b. AD would decrease.
c. AD would stay the same.
d. AD could either increase or decrease, depending on which change was of a greater magnitude.
A good Mnemonic to know Mg K Ca Na
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