A table showing in numbers or figures the number of goods demanded and the various prices at which they were demanded is called a Demand Schedule.
How is a Demand Schedule used?
The demand schedule is very useful because it shows the relationship between the quantity demanded and the price at each point.
The demand schedule will help the seller or manufacturer to discover what type of demand the product is exhibiting.
It is important to note that demand schedules, all things being equal will follow the law of demand which states that the price and demand will usually go in opposite directions.
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