Question

matching 1 point
20
match the terms to their correct definitions.
demand schedule
demand curve
supply schedule
supply curve
graph that shows amount of good sellers are willing/able to sell at various prices
numerical representation of demand
graphical representation of demand
numerical representation of supply

Explanation:

To solve the matching, we use the definitions of each term:

• Demand Schedule: A table (numerical) showing quantities demanded at different prices. So it matches "numerical representation of demand".
• Demand Curve: A graph plotting demand schedule data, so it matches "graphical representation of demand".
• Supply Schedule: A table (numerical) showing quantities supplied at different prices. So it matches "numerical representation of supply".
• Supply Curve: A graph plotting supply schedule data, which is "graph that shows amount of good sellers are willing/able to sell at various prices".

Answer:

• Demand Schedule: numerical representation of demand
• Demand Curve: graphical representation of demand
• Supply Schedule: numerical representation of supply
• Supply Curve: graph that shows amount of good sellers are willing/able to sell at various prices