
To choose: The term that best completes the given sentence.

Answer to Problem 11AA
The term that best completes the given sentence is specific.
Explanation of Solution
A
The schedule of demand shows precisely how many products or service units are to be purchased at each time. The economists and policy maker analysts will build a demand curve using this data. Both the curve and the schedule define the price of a commodity and the amount of the necessary good relationship. Demand schedules help economists to visualize the demanded quantity at a market rate.
Introduction: According to the demand law a higher price usually results in fewer demanded quantities. A supply schedule representing a numerical table that displays the amount supplied at different market rates.
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