Question

difference between demand schedule and demand curve?

Answer 1

demand schedule in table form

graphic representation of demand schedule is demand curve

Answer 2

A demand curve and a demand schedule are fundamental tools used by economists to describe the relationship between the price of an item in the marketplace and the consumer demand for that item. In general, an increase in price is related to lower demand and a price decrease is related to increased demand. Conversely, increasing demand can lead to a rise in price and vice versa. Distinguishing a demand curve from a demand schedule is generally a straightforward matter.

1.

Examine the information you have been asked to identify to determine whether it is in graphical or tabular format. A demand curve presents data as a graph, and a demand schedule lists data in table format.

2.

Look for the characteristics of a demand schedule if you are reviewing data in table format. A demand schedule includes pairs of data points that identify the price for an item and the quantity of sales expected at that price. Price is often labeled "P" and quantity is labeled "Q," although other headings may be used as well.

Hope, it should help you.

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