Topic Content:
- Definition of Demand Schedule
- Types of Demand Schedule
- Individual Demand Schedule
- Market Demand Schedule
What is Demand Schedule in Economics?
A demand schedule is a table that shows the relationship between quantity and price of the commodity.
A demand schedule is also a table showing the quantity of goods that are demanded at different prices.
It shows the relationship between the market price of goods and services and the quantity demanded.
There are two types of demand schedules, namely:
- Individual demand schedule
- Market demand schedule.
Individual Demand Schedule:
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