ECONOMICS
DEMAND
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -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-2: -A supply schedule is a table that shows the quantity supplied at each price. A supply curve is a graph that shows the quantity supplied at each price.
Detailed explanation-3: -The market demand schedule is a table that shows the relationship between price and demand for a given good. To make it easier to see the relationship, many economists plot the market demand schedule into a graph, called the market demand curve.
Detailed explanation-4: -Individual Demand Schedule. Market Demand Schedule.