Principles of Microeconomics
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Principles of Microeconomics
What are the demand schedule and the demand curve, and how are they related? Why does the demand curve slope downward?
The demand schedule is a table that shows the relationship between the price of a good and the quantity demanded whereas the demand curve shows how the quantity of a good demanded depends on the price. Demand curve is a line which relates price and quantity demanded. The demand schedule and demand curve are related in such a way that demand curve depicts a graph showing the points in the demand schedule...
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