Please answer all three questions below and kindly please answer correctly and carefully.

2. Complete the following table by selecting the term that matches each definition.Below Please answer this question as well and choose one option. 1. A graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices ____

A. Quantity Demanded

B. Demand Curve

C. Demand Schedule

D. Law of Demand

2. The claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises ____

A. Quantity Demanded

B. Demand Curve

C. Demand Schedule

D. Law of Demand

3. A table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices ____

A. Quantity Demanded

B. Demand Curve

C. Demand Schedule

D. Law of Demand

4. The amount of a good that buyers are willing and able to purchase at a given price ____

A. Quantity Demanded

B. Demand Curve

C. Demand Schedule

D. Law of Demand

Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.

Your professor claims that one of the curves found on the following graph correctly illustrates the demand curve for records:

20 D 1 18 16 14 12 PRICE (Dollars per Record) 10 8 6 4 2 D. 0 3 4 5 6 7 8 9 10 QUANTITY (Millions of Records)Price Gilberto's Quantity Demanded Juanita's Quantity Demanded (Dollars per case) (Cases) (Cases) 40 80 2 25 60 15 40 4 5 30 5 O 206 A 5 Gilberto's Demand 4 Juanita's Demand 3 O PRICE (Dollars per case) Market Demand 2 7 0 0 20 40 60 80 100 120 QUANTITY (Cases)