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प्रश्न
Define individual demand.
उत्तर
Individual demand refers to the demand for a commodity by an individual consumer (or a household). The quantity of a commodity that an individual consumer is willing to buy at a given price during a given period of time is called individual demand.
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संबंधित प्रश्न
With the help of suitable diagram explain the meaning of rightward shift in the demand curve. Explain briefly any two of its determinants.
The demand curve is generally ______.
Demand curve of a good shifts from DD' to Demand dd'. This shift can be caused by:
The diagram given below shows the original demand curve (DD) for good X, which is a complement of good Y:
If there is a rise in the price of good Y, which demand curve for good X is relevant?
Differentiate between individual demand schedule and market demand schedule.
Using hypothetical data show a market demand schedule.
State the impact of the following changes on the demand curve of a commodity:
A rise in the price of the commodity
State the impact of the following changes on the demand curve of a commodity:
Increase in the supply of a substitute commodity
Define an individual demand schedule.
Define market demand.
