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Final answer:
A demand schedule is a table that shows the quantities of a good or service demanded at different prices, focusing on the relationship between price and quantity demanded.
Explanation:
Demand schedule is a table that shows the quantities of a good or service demanded at different prices during a particular period, all other things unchanged.
To introduce the concept of a demand schedule, let us consider the demand for coffee in the United States. We will ignore differences among types of coffee beans and roasts, and speak simply of coffee.
The table in Figure 3.1 shows quantities of coffee that will be demanded each month at prices ranging from [tex]$9 to $[/tex]4 per pound; the table is a demand schedule. We see that the higher the price, the lower the quantity demanded.
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