Question

C)
17. Demand Schedule is shown as
a) A result of increase in the size
family
b) A result of change in tastes
c) A function of price alone
d) None of these​

Answer 1

Answer:

The answer is B

hope this will help you

Answer 2

The answer is c) a function of price alone.

• The demand schedule refers to the table of data that shows the increase or decrease in demand for a product due to a change in its price.

• A price increase will lead to a decrease in demand. The consumers will shift to cheaper commodities. Thus, demand will decrease.

• A price decrease will lead to an increase in demand. Consumers will shift from expensive commodities to cheaper commodities. Thus, demand will increase.

• There might be a change in the size of a family or a change in the taste of an individual. However, the demand schedule might remain the same as there are no changes based on the price of the commodity.

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