What are the demand schedule and the demand curve, and how are they related? Why does the demand curve slope downward?
When business people examine financial and economic information on which to base decisions, they differ in how they want the information presented. Some prefer spreadsheets, with the data organized into rows and columns of numbers. Others prefer the data presented more visually, such as bar graphs and line charts. The demand schedule and demand curve in economics represent ways of presenting the relationship of price and quantity demanded that satisfy both types of entrepreneurs.