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प्रश्न
Define market demand.
उत्तर
Market demand refers to the total quantity of the commodity that all the individual households in the market are willing to buy at different prices in a given period of time.
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संबंधित प्रश्न
If due to fall in the price of good X, demand for Y rises, the two goods are ______.
The demand for a Good X increases when the price of its substitute ______ OR when the price of its complements ______.
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
Explain the impact on demand of complementary goods.
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
Explain any three determinants of market demand.
Give the meaning of Price demand.
Give two examples of complementary goods.
Car and petrol are examples of ______ demand.
