AP Microeconomics

Question

The ___ show(s) the quantity of a good consumers would be willing and able to purchase at a given time for a range of prices while holding all other factors constant.

a) demand curve and demand schedule

b) demand curve

c) supply curve

d) supply schedule

e) demand schedule

Answer 1

The Demand Curve and Demand Schedule are the same thing laid out differently. That is they encapsulate the exact same information. a b and e are all the same. The person who wrote this question deserves a sound flogging

Answer 2

Is the question a single selection or multiple selection question? Because a, b and e are all correct. For answer "a" to be the only correct answer "b" should say "only the demand curve" and answer "e" should say "only the demand schedule". As Samuel said in his reply a demand schedule is a table that shows, for any given price, how much of a good or service consumers are willing to buy. The demand curve is a graph that is a plot of the data in the demand schedule.

Answer 3

I would put A because the question is asking about a consumer. Thus you could remove C & D as they are incorrect. Furthermore, a demand curve and demand schedule are actually the same representation of what consumers want, thus it answers our question. A demand schedule is essentially the table that is used to plot a demand curve. Both are telling us the quantity of consumers willing and able to purchase a good at a given time for certain prices.