What are the two basic variables of a demand schedule and curve?
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What are the two basic variables of a demand schedule and curve?
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The following set of questions refers to consumer demand for a product or service:
a. What are the two basic variables of a demand schedule and curve?
b. What is the law of demand?
c. Why does a demand curve slope downward?
d. According to the law of demand, what is the only thing that will cause a change in the quantity demanded of a good or a service?
e. What are the five determinants of demand listed in the text?
