ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A demand schedule is a table that shows the quantity demanded at each price. A demand curve is a graph that shows the quantity demanded at each price. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls.

Detailed explanation-2: -Drawing a Demand Curve The demand curve is based on the demand schedule. The demand schedule shows exactly how many units of a good or service will be purchased at various price points. It is important to note that as the price decreases, the quantity demanded increases. The relationship follows the law of demand.

Detailed explanation-3: -The demand curve comes from a demand equation, which is sketched on a graph. A demand curve is static if the determinants of demand (income, preferences, and the price of complementary and substitute goods) are static. A change in any determinant of demand results in a new demand curve.

Detailed explanation-4: -What Is a Demand Schedule? In economics, a demand schedule is a table that shows the quantity demanded of a good or service at different price levels. A demand schedule can be graphed as a continuous demand curve on a chart where the Y-axis represents price and the X-axis represents quantity.

Detailed explanation-5: -Demand curve. The graphical representation of the demand schedule is called a demand curve. Itshows the relation between the price of a commodity and the amount of that commodity the consumer is willing to purchase.