What is the difference between a demand curve and a demand schedule?

Business

1 answer:

svetlana [45]2 years ago

5 0

Answer:

Demand schedule:

The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.

Demand curve:

A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.

You might be interested in

What is a food technologist

Kay [80]

Answer:

Food technologists are responsible for the safe and efficient development, modification and manufacture of food products and processes.

Explanation:

6 0

2 years ago

Read 2 more answers

A supply curve is upward-sloping because At higher prices sellers have a greater incentive to produce more, ceteris paribus. The

Molodets [167]

Answer:

All of the answers are correct.

Explanation:

The law of supply states that in a production process when the price of. Commodity increases the suppliers are more willing to supply more goods, while when price falls suppliers tend to supply less goods.

This is as a result of lower motivation to sell at a lower price where profit margins are low. The higher the price the more the profit made so they are more motivated.

Also when prices are too low the suppliers may barely cover their cost of production so they tend to supply less.

Attached is a diagram of the supply curve

5 0

2 years ago

True or false: every sigma chi committee, including the executive committee and education and leadership board, have at least on

xeze [42]

YES ALL MAJOR COMMITTES AND BOARDS OF THE GENERAL FRATERNITY

4 0

3 years ago

Workplace ____________ is when an employee is treated poorly because of a protected characteristic.

BabaBlast [244]

Discrimination would be the correct answer for this question.

8 0

2 years ago

Read 2 more answers

Select the correct answer. Which pre-test method involves asking the people being surveyed to rank the different ad concepts the

choli [55]

Answer: C. Consumer Jury test

The consumer jury test is a method in which advertisements are tested by screening them to a selection of consumers before they are aired commercially. It is one of the ways to pre-test an advertisement.

In this method, the consumers are asked to rank the advertisements in order of preference. The members of the consumer jury also answer questions related to their preferences and help in evaluating the advertisements.

8 0

2 years ago