ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The given statement is false. A demand schedule lists the price and quantity demanded.

Detailed explanation-2: -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-3: -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-4: -As we can see on the demand graph, there is an inverse relationship between price and quantity demanded. Economists call this the Law of Demand. If the price goes up, the quantity demanded goes down (but demand itself stays the same). If the price decreases, quantity demanded increases.

Detailed explanation-5: -Answer and Explanation: The correct option is B. The demand curve and the demand schedule both show the relationship between the quantity demanded of a good and the price. However, the demand curve is a graph whereas the demand schedule is a table.