What are a demand schedule and a demand curve? A A demand schedule is a table showing how the quantity demanded of some product during a specified period of time changes as the price of that product changes, holding all other determinants of quantity demanded constant. When the points of quantity demanded and prices are plotted on a graph, it is called a demand curve. B. A demand schedule is a table showing how the quantity demanded of some product during a specified period of time changes as the price of that product changes. When the data is plotted it on a graph is called a demand curve. C. A demand schedule is a table showing how the quantity demanded of some product as the price of that product changes. When the data is plotted on a graph it is called a demand curve. D. A demand schedule is a table showing the quantity demanded of good or service by rational individuals with steady income. When the data is plotted on a graph it is called a demand curve.

The following graph shows two known points (X and Y) on a demand curve for apples. PRICE (Dollars per pound) 10 9 8 1 0 0 Slope: -0.05 I Demand 10 20 30 40 50 60 70 80 QUANTITY (Thousands of pounds of apples) 90 100

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c. Consider the demand for wheat illustrate the following scenario: A gluten free (wheat free) diet has become an increasingly popular fad diet. More people, now than ever, are eating a wheat - free diet. d. Consider the supply of cotton illustrate the following scenario: Government regulations cause the production of cotton to become more expensive per unit. Can you draw the graphs