The Graduate Management Admission Test is a Standardized test that measures verbal, mathematical and analytical writing skills. It is intended to help the graduate schools of business assess the potential of applicants for advanced study in business and management.
Demand Curve and Demand Schedule. The term demand refers to the entire relationship between. the price of the good and quantity demanded of the good. A demand curve shows the relationship between the. quantity demanded of a good and its price when all other. influences on consumersâ planned purchases remain the. same.
Demand and supply are two vital concepts that decide the market price of a commodity. If demand is expressed in quantity that is desired by people, and who are willing to buy a product at a certain price, supply refers to the quantity that the market is willing to offer in lieu of the price manufacturers are getting.