A demand schedule is a chart that shows the number of goods or services that are demanded at specific prices.

It essentially shows the prices at which consumers are willing or able to purchase goods and services. The schedule is based on the demand curve, which has an inverse relationship to price. This means that as the price of a good or service increases, the quantity demanded decreases. This is beneficial for producers, as they can see the maximum point at which consumers will purchase their goods or services.

For example, if John Brown produces widgets and needs an estimation of the demand for widgets, he could survey potential customers to see if they would be willing to pay for his widget at varying costs. If fifteen potential customers say that they are willing to buy his widget for $3.99 and only six say they are willing to buy it for $5.99, it would be wise for John to price his widgets at $3.99 each.