Which of the following best describes the difference between a demand curve and a demand schedule?
A) A demand curve shows different quantities of a good demanded at different prices, whereas a demand schedule shows different quantities of a good demanded at different incomes.
B) A demand curve can be derived from a demand schedule, but a demand schedule cannot be derived from a demand curve.
C) A demand curve shows different quantities of a good demanded at different incomes, whereas a demand schedule shows different quantities of a good demanded at different prices.
D) A demand curve is a graphical representation of the relationship between the quantity of a good and its price, whereas a demand schedule is a tabular representation.
Question 2
The demand curve for most goods is normally:
A) parallel to the vertical axis. B) parallel to the horizontal axis.
C) upward sloping. D) downward sloping.
Difference between....
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