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This question is about employer.
What is a demand schedule?
A demand schedule is a chart exhibiting the number of goods or services that consumers are open to and able to purchase at different prices, during a particular period, while all other elements that influence the demand for the product or service are held constant.
Demand schedules are most commonly used in economics to display the relationship between quantity and price demanded a specific product or service. The other factors that remain constant in this equation include items like:
Consumer income averages
Consumer tastes
Consumer preferences
Consumer needs
Most demand schedules have two columns of information. The first column is dedicated to listing different prices for the product or service. The second column is dedicated to exhibiting the corresponding amount, or quantity, of the product or service that consumers are open to and able to purchase at each price point.
Demand schedules also sometimes include graphs to demonstrate the relationship between the price and amount demanded of a product or service.
Demand schedules are extremely useful tools for businesses. They help explain the current behavior of target consumers related to developments concerning the price of products or services. Companies can then use this data to make informed decisions on public policies and pricing strategies in their specific market.
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