Demand
schedule:
Demand schedule is a table showing the
relationship between the price of a good and the quantity demanded per period
of time, other things remaining the same.
Let, imaginary demand equation, Qd = 10- 2p. In
this equation, the different value of independent variable P gives different
values of dependent variables. By presenting both values, we can make an
imaginary demand schedule.
So,
imaginary demand schedule:
|
Quantity Demand (unit)
|
Price(Tk.)
|
Point
|
|
8
|
1
|
a
|
|
6
|
2
|
b
|
|
4
|
3
|
c
|
From imaginary demand schedule, price increases 1,
2 and 3, quantity demand decreases 8, 6 and 4. By this we get point a, b and c.
At last we can say that the inverse relationship
between price and quantity is represented by a table is called demand schedule.
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