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:

It refers to the quantity of a commodity that an individual is willing and able to buy, at a particular price and time. 

Market Demand Schedule:

Market demand is also called aggregate demand schedule: It refers to the sum total of all the quantities of commodities demanded by all individuals in the market (total demand).