Amanda Yuan AP Economics Chapter 3: Demand, Supply, and Market Equilibrium Markets Bring together buyers (?demanders?) and sellers (?suppliers?) Demand Schedule/curve that shows various product amounts that consumers are willing AND able (willingness alone is not effective and will not be reflected in market) to purchase at a series of possible prices (other things equal) during specified time period; graphically represented w/ demand schedules Statement of buyer?s plans/intentions with respect to product purchase Quantities demanded at each price must relate to a certain time period to be meaningful; w/o specific time period, magnitude of product demand is unknown