Meaning of demand schedule, curve and the law of demand
Answer Text: Demand schedule and demand curve:-Demand schedule is a table ( a set of data) that shows the quantities of a product that would be bought/ demanded at different price levels over a given period of time.-Demand schedule is a table that shows the quantities of goods demanded at a particular time .The law of demand:-It states that, the higher the price the lower the demandand the lower the price the higher the demand.Market demand curve:-Is a graphical representation of the market demand schedule.- it is a graph that shows the quantities demanded at different price levels over a given period of time.