Author Question: A schedule of how much of a good people will purchase for a range of possible prices during a ... (Read 28 times)

jasdeep_brar · **on:** Jun 29, 2018

A schedule of how much of a good people will purchase for a range of possible prices during a specified time period, other things constant, is the definition of

A) supply.
B) demand.
C) a purchasing contract.
D) an economic market.

Question 2

Gasoline prices in the United States decreased significantly between 2008 and 2009. A decrease in the price of gasoline, holding other things constant, will cause which of the following to occur?

A) increase the demand for gasoline.
B) decrease the demand for gasoline.
C) increase the quantity of gasoline demanded.
D) decrease the quantity of gasoline demanded.