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Define Or Explain the Concept of Demand Schedule. - Economics

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Question

Define or explain the concept of Demand schedule.

Solution

Demand schedule is a tabular presentation of the relationship between the price of a commodity and the quantity demanded of that commodity at a particular point of time. In other words, it shows the different quantities of a commodity that a consumer is willing to purchase at different possible prices. The demand schedule can be sub-divided into the following two types.
i. Individual demand schedule
ii. Market demand schedule

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APPEARS IN

 2012-2013 (March) (with solutions)
Question 2.1.2 | 2.00 marks

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Solution Define Or Explain the Concept of Demand Schedule. Concept: Demand.
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