Demand Schedule

The table contain two columns. Prices are shown in increasing or decreasing order in the left column, and the quantity of the demand of the product are shown in the right column. The information from a demand schedule is generally plotted on a graph called a demand curve where the price is shown along the vertical (y) axis, and quantity demanded is shown along the horizontal (x) axis. The curve typically reflects the law of demand hen plotted. Consumers usually buy fewer goods as price increases. 

Companies can understand and plan for the effects of pricing changes with the help of the demand schedule and the demand curve. Inventory and forecasting solutions are provided by demand planning software to help retailers maximize profit by keeping shelves stocked at optimal levels.

Individual and market are two main categories of demand schedules. The individual demand schedule has a narrower scope as it reflects the unique preferences of a particular buyer whereas a much broader overview of consumer opinions and buying habits is provided by the market demand schedule. 

Helping determine price points, optimizing inventory management and evaluating price elasticity are benefits of a demand schedule.