Question

the law of supply and demand
quiz complete
1 2 3 4 5 6 7
time remainin
55:53
the chart compares the price of graphic t - shirts to the quantity demanded
demand schedule
this chart shows the link between
○ interest in a product and the price a consumer pays
○ interest in a product and the price a producer pays
○ amount of a product and the price a consumer pays
○ amount of a product and the price a producer pays

price per graphic tee	quantity demanded
$7.50	40
$10.00	30
$12.50	20
$15.00	10

Explanation:

The demand schedule shows the price per graphic tee (what consumers pay) and the quantity demanded (amount of the product consumers want). Let's analyze each option:

• First option: "Interest" is not measured here; it's about quantity demanded, not interest. Eliminate.
• Second option: The price here is what consumers pay, not producers. Also, it's quantity demanded, not interest. Eliminate.
• Third option: The table has price (consumer pays) and quantity demanded (amount of product). This matches.
• Fourth option: The price is for consumers, not producers, and it's quantity demanded (consumer - side), not what producers pay. Eliminate.

Answer:

C. amount of a product and the price a consumer pays (assuming the options are labeled A - D as per typical multiple - choice, with the third option being C)