Tuesday, July 31, 2012

Class XI, Principles of Economics, "Demand Schedule"

Demand Schedule

Demand schedule is simply a statement in the form of a table given against each price the quantity of the commodity that will be demanded for a given period of time.

The individual demand schedule is not of very great importance. It shows only the demands of an individual. Putting down against price the total quantity of commodity, which will be disposed off in the market, can prepare the market demand schedule.

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