Demand Schedule

Tax Glossary Definition

Demand Schedule

Demand Schedule – A demand schedule is a table that lists the quantities of a product or service that consumers are both willing and able to purchase at different price levels over a given period, while keeping all other factors constant.

Example: A demand schedule for tea might indicate that consumers purchase 100 cups when the price is ₹10 each and 150 cups when the price falls to ₹8 each, demonstrating the inverse relationship between price and quantity demanded.

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