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प्रश्न
Define market demand.
उत्तर
Market demand is the total demand for a commodity that all consumers (or households) are willing to buy at a given price during a given time period. For example, the total quantity of oranges which all consumers are willing to buy at a given price per day (or any other time period) is market 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 bus fare between two cities is reduced. How will this affect the demand curve for bus travel between the two cities?
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?
State the impact of the following changes on the demand curve of a commodity:
increase in individual income
State the impact of the following changes on the demand curve of a commodity:
Increase in the supply of a substitute commodity
How is the market demand curve derived from the individual demand curves?
Define individual demand.
Define an individual demand schedule.
Define a market demand schedule.
What is a demand schedule?
