Economists Use the Term "Demand" to Refer to

question 161

Multiple Choice

Economists use the term "demand" to refer to

• A) a particular price-quantity combination on a stable demand curve.
• B) the total amount spent on a particular commodity over a fixed time period.
• C) an upsloping line on a graph that relates consumer purchases and product price.
• D) a schedule of various combinations of market prices and amounts/quantities demanded.

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Definitions:

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