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Module 1: The competitive market system

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XSIQ
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Economics - Demand Schedule

Demand Schedule

$
QUANTITY DEMANDED
SUPPLIED

45
10
90

40
20
80

35
30
70

30
40
60

25
50
50

20
60
40

15
70
30

10
80
20

5
90
10

This information can be presented in the form of a demand curve. Note that
the demand curve visually displays the law of demand.

Demand is the quantity of a good or service that will be bought at a
particular price at a point in time. The law of demand states that there is
an inverse relationship between the price and the quantity demanded. The
lower the price, the higher the quantity demanded. This is because the
consumer is trying to maximise satisfaction. The quantity of a product that
will be demanded at various prices at a point in time can be presented in
the form of a demand schedule.

This information can be presented in the form of a demand curve. Note that
the demand curve visually displays the law of demand.

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