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1. What is a demand schedule? A table that lists the quantities of a good a person will buy at each price that may be offered in the market 2. What is a demand curve? A graphical representation of a demand schedule Create a demand schedule for the demand curve below.
Price
9 8 7 6 5 4 3 2 1 0
3. What trend do you notice in relation to the price and the quantity demanded? As price rises, quantity demanded decreases 4. What does this reflect? The Law of Demand