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: -The equation that spells out the quantities consumers are willing to buy at each price is called the demand curve. Demand and supply curves can be charted on a graph (see chart), with prices on the vertical axis and quantities on the horizontal axis.

Detailed explanation-3: -In economics, a market demand schedule is a tabulation of the quantity of a good that all consumers in a market will purchase at a given price. At any given price, the corresponding value on the demand schedule is the sum of all consumers’ quantities demanded at that price.

Detailed explanation-4: -Demand schedule is referred to as a tabular representation or a tabular statement that shows various quantities of commodities that are demanded at different price levels at a specific time period. A demand schedule will show the exact number of units of goods and services that will be bought at each price.

Detailed explanation-5: -A demand schedule shows the number of goods consumers will buy at a given price. This schedule follows the law of demand; thus, it indicates that there is an inverse relationship between quantity demanded and price. An example of this would be movie tickets.