ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A demand curve illustrates the quantity demanded and any price offered on the market.

Detailed explanation-2: -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: -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: -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-5: -The demand schedule shows the relationship between the quantity demanded of a commodity and price of the commodity. Demand curve slope downwards as because the individual buys more of a commodity at lower price.