Question

make a demand curve whose prices are 20 and 20 and demand are 100 and 150​

Answer 1

Answer:

Demand Schedule

The Law of Demand states that when the price of a commodity falls, its demand increases and when the price of a commodity rises, its demand decreases; other things remaining constant. Thus, there exists an inverse relationship between price and quantity demanded of a commodity. The functional relationship between price and quantity demanded can be represented as Dx = f(Px). Now let us discuss the Demand Schedule in detail.

Demand Schedule

It is a statement in the form of a table that shows the different quantities in demand at different prices. There are two types of Demand Schedules:

Individual Demand Schedule

Market Demand Schedule