How might an owner of a bookstore put together a market demand schedule for his or her store?

1.a) Demand is the willingness to buy a good or service and the abilityto pay for it. The law of demand states that when prices go down, thequantity demanded increases. When prices go up, the quantitydemanded decreases. b) Demand schedule is a listing of how muchof an item an individual is willing to purchase at each price. Thedemand curve is a graphical representation that shows the data froma demand schedule. c) Market demand schedule is a listing of howmuch of an item all consumers are willing to purchase at each price.A market demand curve is a graphical representation that shows thedata from a market demand schedule.2.As prices decrease, the quantity demanded increases. As pricesincrease, the quantity demanded decreases. This is known as theLaw of Demand. Quantity demanded and the price has an inverserelationship.3.It is unlikely that most brides would have a demand for an originalVera Wang gown because celebrities had not worn it yet. When

24.a change in the amount that consumers will buy because they buy substitute goods instead❏income effect❏substitution effect❏complementary effect❏marginal effect