MARKET DEMAND SCHEDULE

DEFINITION

• a table that lists the quantity of a good all consumers in a market will buy at every different price.

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• A market demand schedule for a product indicates that there is an inverse relationship between price and quantity demanded

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Examples

• In a food court there are 3 different pizza places
• They all have different prices
• The place with the cheapest pizza gets the most business

Examples

• Three different clothing companies are selling the same style of shorts, the company that makes the most money is the cheapest company because it's more affordable.