Demand Schedule and Demand Curve
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SOLVED: The demand schedule is a table that shows the relationship between the price of a good and the quantity demanded. The demand curve is the downward-sloping line relating price and quantity demanded. The demand schedule and demand curve are related because the demand curve is simply a graph showing the points in the demand schedule. The demand curve slopes downward because of the law of demand —other things being equal, when the price of a good rises, the quantity demanded of the good fall
SOLVED: The demand schedule is a table that shows the relationship b…
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