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QuizMultiple Choice

Elasticity and Incentives — Unit test

Question 1 • 2102320-Economics HONORS - Edgenuity Teacher

Both a demand curve and a demand schedule show how

Answer
A
prices affect consumer demand.
B
consumer demand affects income.
C
prices affect complementary goods.
D
consumer demand affects substitute goods.

Explanation

A demand schedule lists the quantity consumers are willing to buy at different prices, while a demand curve shows that same relationship on a graph. Both show how price affects the quantity demanded, assuming other factors remain unchanged. The correct choice is “prices affect consumer demand.”

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