Demand Schedule

A 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.

A market demand schedule is a tabular statement that shows the quantities of a commodity all buyers in a market are willing to purchase at different prices in a given period. It represents aggregate demand by combining the demand schedules of each consumer in the market.

• It’s a table showing the quantity of a commodity (like apples or cotton) one consumer would buy at different prices during a certain period.
• It helps us see how a change in price affects the amount a person wants to buy—assuming all other factors remain unchanged.

• At ₹100/kg, a consumer buys 1 kg.
• When the price drops to ₹90/kg, quantity demanded rises to 2 kg, and so on.

• As price falls from ₹50 to ₹10 per unit, quantity demanded increases from 10 to 50 units.

At each price point, add the quantity demanded by each consumer to find the total market demand.
For example, at ₹80/kg: A buys 4 kg, and B buys 5 kg, so market demand = 4 + 5 = 9 kg.

• 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.

Think movie tickets: If they’re ₹300 each, you might see one movie a month. If tickets drop to ₹100, maybe you’ll go every weekend

Imagine apples at a school market stall. If the price is high, only a few students buy apples. As price decreases, more students buy apples, and the total market demand rises.

• The market demand schedule sums individual demands at each price.
• As price decreases, market demand increases (inverse relationship—law of demand).
• Useful to understand how the overall market reacts to price changes.

• Law of Demand: When price drops, quantity demanded increases (other things being equal).
• An individual demand schedule is about one consumer.
• Usually shown with both tables and graphs for better clarity.

• The market demand schedule sums individual demands at each price.
• As price decreases, market demand increases (inverse relationship—law of demand).
• Useful to understand how the overall market reacts to price changes.