Final answer:
A demand schedule for a video game indicates the quantity demanded at different price points, demonstrating the law of demand, which shows an inverse relationship between price and quantity.
Step-by-step explanation:
The demand schedule you're referring to is a table that indicates the quantity of video games consumers are willing to purchase at various price points. This is a typical concept studied in both business and economics, particularly within the subject of microeconomics which deals with the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
According to the demand schedule, as the price of the newly released video game decreases, the quantity demanded will increase. This phenomenon is known as the law of demand, which states that, all else being equal, as the price of a product falls, the quantity demanded by consumers will rise. It is an inverse relationship between price and quantity demanded that can be graphically represented as a downward-sloping curve.