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Define or explain the following concepts: 5. Market demand schedule

Define or explain the following concepts:
5. Market demand schedule

ANSWER:

The market demand schedule shows the aggregate (total) demand for a product by all consumers in the market at different prices. The following is a market demand schedule.
Market Demand Schedule:

Price of X
(Rs)
Quantity Demanded by Consumer 1
(Units)
Quantity Demanded by Consumer 2
(Units)
Market Demand (Units)
10
5
6
5 + 6 = 11
15
4
5
4 + 5 = 9