Question 20 of 29
Q.Write a short note on: Demand Schedule
Yanam BieapBIEAP AP Intermediate (1st Year) Commerce Board 2020Subjective· 2mImportance★★★★★est
69% · 20/29 Questions
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Start your 14-day free trial to unlock the full solution →A demand schedule is a table showing the various quantities of a good that would be demanded at various prices, other things being equal; it can relate to a single consumer (individual demand schedule) or to all consumers in the market (market demand schedule), and it normally shows quantity rising as price falls.
Meaning
A demand schedule is a tabular statement showing how much of a commodity consumers are willing to buy at each of a series of prices in a given period, assuming other factors remain unchanged.
- An individual demand schedule shows the quantities demanded by one consumer at different prices.
- A market demand schedule shows the total quantities demanded by all consumers in the market at different prices. …
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