To choose: The term that best completes the given sentence.
Answer to Problem 5AA
The term that best completes the given sentence is alternate.
Explanation of Solution
In economics, a demand schedule is a table showing the amount of a product or a service needed at various price levels. Like a stretchy rubber band, with a small price adjustment, the quantity requested moves quickly. Frozen pizzas may be an instance of this in daily life.
Analyzing of demand in the market involves understanding the demand of customers for a goods or service in a given market. Companies utilize demand analysis techniques to determine whether they can penetrate a market successfully and produce expected profits to advance their business operations.
So, the answer is alternate.
Introduction: The concept of market demand schedule play a vital role in demand and supply theory, it is a tabular representation of the amount of goods in which all buyers in a market would buy at a particular rate. For any given price the equivalent value on the demand schedule is the aggregate of all the amounts demanded at that price by the customers.
Chapter 7 Solutions
Economics Today and Tomorrow, Student Edition
Additional Business Textbook Solutions
Horngren's Accounting (12th Edition)
Principles of Accounting Volume 2
Managerial Accounting (5th Edition)
Construction Accounting And Financial Management (4th Edition)
Horngren's Accounting (11th Edition)
Principles of Accounting Volume 1
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education