Demand schedule: a list of demand/price equivalencies. It can best be seen as a table with discrete points.
Demand function: a continuous function of price-demand interaction.
Main difference: schedule is discrete; function is continuous.
Demand schedule is a tabular representation nd Demand curve is a graphical representation
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
What is the difference between normal and inferior goods
A demand schedule allows the construction of a demand function which can be used to solve mathematical problems involving demand (such as finding equilibrium demand and price).
A demand curve is a graphical representation of the relationship between price and quantity demanded, showing how the quantity demanded changes as the price changes. A demand schedule, on the other hand, is a table that lists the quantity demanded at different prices. Both the demand curve and demand schedule illustrate the law of demand, which states that as the price of a good or service decreases, the quantity demanded increases, and vice versa.
Demand schedule is a tabular representation nd Demand curve is a graphical representation
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
What is the difference between normal and inferior goods
A demand schedule allows the construction of a demand function which can be used to solve mathematical problems involving demand (such as finding equilibrium demand and price).
A demand curve is a graphical representation of the relationship between price and quantity demanded, showing how the quantity demanded changes as the price changes. A demand schedule, on the other hand, is a table that lists the quantity demanded at different prices. Both the demand curve and demand schedule illustrate the law of demand, which states that as the price of a good or service decreases, the quantity demanded increases, and vice versa.
It is a table that shows the difference quantity but at different prices.
difference between elastic and inelastic demand
The demand schedule and the demand curve in economics both show the relationship between the price of a good or service and the quantity demanded by consumers. The demand schedule is a table that lists different prices and the corresponding quantities demanded, while the demand curve is a graphical representation of this relationship. The demand curve is derived from the demand schedule, with price on the vertical axis and quantity on the horizontal axis. Both the demand schedule and the demand curve illustrate how changes in price affect the quantity demanded, showing an inverse relationship between price and quantity demanded.
A table which contains values for the price of a good and the quantity that would be supplied at that price. A market demand schedule is a table that lists the quantity of a good all consumers in a market will buy at every different price.
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).
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).
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.