What is demand curve, demand schedule, and demand function – InterviewSolution

1.

What is demand curve, demand schedule, and demand function

Answer»

Explanation:

*demand curve:

it is a graphical REPRESENTATION of PRICE and quality demanded.

*demand schedule:

it is the tabular statement shown in different quantities of a commodity demanded to different price during the GIVEN period of TIME.

*demand function:

demand function shows the relationship between demand for a commodity and its various determinants.

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