Question

what is demand curve,
demand schedule, and demand function

Answer 1

Explanation:

*demand curve:

it is a graphical representation of price and quality demanded.

*demand schedule:

it is the tabular statement shown in different quantities of a commodity demanded to different price during the given period of time.

*demand function:

demand function shows the relationship between demand for a commodity and its various determinants.

Answer 2

Answer:

Demand Curve

Demand Curve is a graphic presentation of law of demand.

Demand Curve is a picturization of the demand schedule.

Demand Curve is a curve which shows different quantities demanded at various alternative prices during a particular period of time.

Demand Curve is of two types :-

1. Individual Demand Curve.

2. Market Demand Curve.

Demand Schedule

Demand Schedule is a tabular statement that shows different quantities demanded at different prices during a particular period of time.

Demand Schedule is a way of showing the relationship between the price of a commodity and the quantity demanded in a tabular statement.

Demand Schedule is also of two types :-

1. Individual Demand Schedule.

2. Market demand Schedule.

Demand Function

Demand Function states the relationship between the demand for a product and its various determinants like :-

Price Of The Commodity, Income Of The Consumer, Price Of Related Commodities, Taste Of Consumers, Expectations Of Consumers , Government Policy etc...

hope it may help you....

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