Economics, 3rd Edition

demand 

schedule

, a table that shows the relationship between the price of a good and the quantity demanded, 

holding constant everything else that influences how much consumers of the good want to buy.

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44  PART 2  SUPPLY AND DEMAND: HOW MARKETS WORK

The graph in Figure 3.1 uses the numbers from the table to illustrate the law of demand. By convention, 

price is on the vertical axis, and the quantity demanded is on the horizontal axis. The downwards sloping 

line relating price and quantity demanded is called the