demand schedule

Demand Schedule

Demand schedule is a tabular statement , which shows  various quantities of a commodity , which are  demanded at various levels of price, during a given period of time. It shows the relationship between price of the commodity , and the quantity demanded for such commodity.

A demand schedule can be determined both for individual buyers and for the entire market. So, demand schedule is of two types:-

1. Individual demand schedule for individual buyers
2. Market demand schedule for the entire market

Individual demand schedule :-

Individual demand schedule refers to a tabular statement which shows  various  quantities of  commodity , that an individual  consumer is willing to buy at various levels of price, during a given period of time.

Market demand schedule : – 

Market demand schedule refers to a tabular statement ,which shows  various  quantities of  commodity that all the consumers  in a market, are willing to buy at various levels of prices, during a given period of time. Market demand schedule can be expressed as  under :-

Dm = D_A + D_B + ……..

Where

Dm is the market demand

D_A + D_B + …….. are the individual demands of household A, household B and so on