aw of Demand The law of demand describes the demand. It states that as the price of goods or services between price and quantity demanded the $3.50 demand $3.00 Price $2.50 As the $2.00 decreases. $1.50 $1.00 $0.50 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Demand The demanded increases. Key Term A demand schedule is a table showing the demand for a at different prices. A demand schedule illustrates the demand for a good by consumer, and a market demand schedule shows the quantity demanded by consumers in a market for a good. A demand schedule on a coordinate plane is a curve. A demand curve is a representation of the change in demanded for a good in relation to changes in its price. The downward slope indicates the inverse relationship between demand and price. In other words, it shows that as the price , the quantity demanded Copyright @ 2019 Edmentum Inc. All Rights Reserved