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Demand Schedule

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Estimated time: 5 minutes
  • Introduction
  • Types of Demand Schedules
  • Key Point Summary
CISCE: Class 12

Introduction

demand schedule is a table showing quantities of a commodity demanded at different prices during a given period. It helps visualise how price influences the amount people want to buy. This relationship forms the basis of the law of demand: usually, as price drops, demand rises.

CISCE: Class 12

Types of Demand Schedules

Type Description
Individual Demand Schedule Shows the demand of a single consumer at various prices
Market Demand Schedule Shows total market demand (sum of all consumers) at prices
Maharashtra State Board: Class 12
CISCE: Class 12

Key Points: Demand Schedule

  • A demand schedule helps predict the quantity consumers will buy at different prices.
  • It demonstrates the law of demand: as price falls, demand increases.
  • The demand curve is the graphical version of the demand schedule, always sloping downwards.
  • Both individual and market schedules are useful for setting prices, planning production, and understanding consumer behaviour.

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