A demand schedule illustrates the relationship between price and quantity in the format of a table.
A demand schedule generally consists of two columns. The first column shows the price of a product in ascending and descending order. The second column shows the quantity of the product which is desired or demanded at that price.
In economics, a demand schedule is defined as a table which shows the quantity demanded of a good and service at the different price levels. A demand schedule can also be graphed as a continuous demand curve on the graph chart where the Y-axis represents the price and the X-axis represents the quantity of the product or service.
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