2.1.4. Demand Schedule

2.1.4.Demand Schedule

Alfred Marshall introduced the concept of market schedule. According to him, market schedule is a table or statement showing how much of quantity is demanded or purchased in a particular market at different prices.

The demand schedule of a person is called individual market schedule while that of a market is called aggregate market demand schedule. The sum of all individual market schedules is the aggregate market demand schedule.

Last modified: Wednesday, 21 December 2011, 6:34 AM