A graphical depiction of the demand schedule. It illustrates the relationship between the price of a good or service and the quantity demanded, typically resulting in a downward sloping curve due to higher quantity demanded at lower prices.
The price that consumers are willing to pay in the market for a given quantity of output. It is derived from the demand schedule or demand curve.
A demand schedule is a table that showcases the relationship between the price of a good or service and the quantity demanded at different price levels. It is a fundamental concept in economics that helps illustrate consumer behavior and market dynamics.
