Figure 3.2: FIGURE 3-1 The Demand Schedule and the Demand Curve
Figure 3.2: The demand schedule for natural gas yields the corresponding demand curve, which shows how much of a good or service consumers want to buy at any given price. The demand curve and the demand schedule reflect the law of demand: as price rises, the quantity demanded falls. Similarly, a fall in price raises the quantity demanded. As a result, the demand curve is downward sloping.