Question

Explain individual demand schedule.

Answer 1

An individual demand schedule is a table that shows the quantities of a good or service a single consumer is willing and able to purchase at different prices over a specific period.

Example:

Price (₹/kg)	Quantity Demanded (kg)
100	1
80	2
60	3

This schedule helps understand consumer buying behavior and illustrates the inverse relationship between price and demand, as stated in the law of demand.