ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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. Sometimes the supply curve is called a supply schedule because it is a graphical representation of the supply schedule.

Detailed explanation-3: -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-4: -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.

Detailed explanation-5: -Individual Demand Schedule. Market Demand Schedule.