[This is part of the series: The Complete Guide To Economics 101.]
What is a demand schedule?
AÂ Demand Schedule is a table or graph that simply shows the relationship between the price of a good or service, and the quantity demanded of that good or service.
For instance, a demand schedule might show the price and corresponding quantity demanded for a lemonade stand on a given summer day:
|
Price of Lemonade
$.25
$.50
$.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
$2.75
$3.00
$3.25
$3.50
$3.75
$4.00 |
Quantity Demanded Of Lemonade
45
42
39
36
33
30
27
24
21
18
15
12
9
6
3
0 |