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A Demand Schedule is a table listing quantities demanded of a good at different prices
For Example;
Price ($) | Quantity Demanded (Units)
1 10
2 9
3 8
4 7
etc.
A Demand Curve displays the information from a Demand Schedule.
The Price is on the Y-axis, and the Quantity Demanded is on the X-axis, you just plot the points given , i.e. (10,1) , (9,2)
In reality the Demand Curve is an actual curve, but for basic examples the "Curve" is a straight downward sloping line from left to right, for the above example.
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Is a demand curve created from a demand schedule?
The data on a demand schedule can be plotted on a demand curve. Often, a demand schedule will be created before the creation of a demand curve, so as to allow for greater accuracy when plotting the demand curve.
How is a demand curve similar to a demand schedule?
The demand curve and schedule state the same information as each other.
Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
What is the demand curve is the graphical counterpart to?
demand schedule
What is a graphical representation of a demand schedule?
Demand Curve.
Is a demand curve created from a demand schedule?
The data on a demand schedule can be plotted on a demand curve. Often, a demand schedule will be created before the creation of a demand curve, so as to allow for greater accuracy when plotting the demand curve.
How is a demand curve similar to a demand schedule?
The demand curve and schedule state the same information as each other.
How is a a demand curve similar to a demand schedule?
The demand curve and schedule state the same information as each other.
Difference between a demand schedule and demand curve?
Demand schedule is a tabular representation nd Demand curve is a graphical representation
What is the demand curve is the graphical counterpart to?
demand schedule
What is a graphical representation of a demand schedule?
Demand Curve.
What is a graphic representation of a demand schedule?
Demand Curve.
What is the relationship between the demand curve and demand schedule?
Simply put, demand schedule refers to a tabular representation of the quantity of a commodity demanded at various price levels. While demand curve is a graphical representation of the figures in the demand schedule. The curve is usually a line sloping downwards from left to right(except for abnormal demand).
What is the relationship between the demand schedule and demand curve?
Simply put, demand schedule refers to a tabular representation of the quantity of a commodity demanded at various price levels. While demand curve is a graphical representation of the figures in the demand schedule. The curve is usually a line sloping downwards from left to right(except for abnormal demand).
What are demand curve and demand schedule?
a demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded. a demand schedule is a table which gives the quantity demanded at each range of prices.
What are the demand schedule and the demand curve and how are they related?
i. A demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded And A demand schedule is a table which gives the quantity demanded at each range of prices.
Derivation of demand curve using the indifference curve approach?
The derivation of an individual consumer demand curve can be done using the indifference curve approach. This is done by preparing the demand schedule of a consumer from the price consumption curve.
