A Demand Schedule

question 27

Multiple Choice

A demand schedule:

• A)reflects the relationship between quantity demanded and price, ceteris paribus, in a graphical form
• B)is constructed on the assumption that price is constant
• C)incorporates the effect of changes in consumer preferences
• D)is a table that expresses possible combinations of prices and quantities demanded of a product
• E)is developed based on the assumption that quantity is constant

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Definitions:

Disbursement Float

The time lag between a payment being made by a company and the actual withdrawal of funds from the company's account.

Deposited

Placing money into a financial account or institution for safekeeping or investment purposes.

Collection Float

The time period between when a check is deposited and when the funds are available in the payee’s account, reflecting the bank’s processing time.