- What is a demand schedule in economics?

A demand schedule is a fundamental concept in economics that outlines the relationship between the price of a good or service and the quantity demanded by consumers. To elaborate, a demand schedule in economics is a tabular representation that shows the various quantities of a good or service that consumers are willing and able to purchase at different price levels. This schedule helps in understanding how changes in price can affect consumer demand, providing valuable insights for businesses and policymakers.