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9966 [12]
2 years ago
5

What is the difference between a demand curve and a demand schedule?

Business
1 answer:
svetlana [45]2 years ago
5 0

Answer:

Demand schedule:

The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.

Demand curve:

A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.

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You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
otez555 [7]

Answer:

The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

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2 years ago
3 Is there any way to enjoy some small daily purchases and also make wise, long-term decisions when it
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Answer:

Buying clothes

Explanation:

7 0
3 years ago
Why might working in a commission basis make dealing with finances more difficult?
jeyben [28]
<span>Working on a commission basis may make dealing with finances more difficult because one is not on a regular salary. A commission means you only get paid for a sale or a completed task. If you do not sell enough, or fail to complete enough tasks, your income may be reduced. Thus, planning your finances becomes difficult.</span>
5 0
3 years ago
In a typical day working for Coors Brewing, Julio will deliver beer, restock shelves, clear out old beer, take orders for the ne
elena-14-01-66 [18.8K]

Answer:

The correct answer is a. trade salesperson; order taker.

Explanation:

In the situation described, the work carried out by Coors Brewing is evident, and it is understood that he dedicates himself to the commercial area of beer because he takes orders in order to sell it, and is also in charge of offering the space so that people can perceive a good image of the product and agree to buy it.

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(The concept of diseconomies of scale is the opposite of economies of scale.)

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3 years ago
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