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प्रश्न
Differentiate between individual demand schedule and market demand schedule.
उत्तर
| Individual demand schedule | Market demand schedule |
| Individual demand refers to the quantity of the commodity that an individual household is willing to buy at different prices in a given period of time. | 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
Complete the following demand schedule:
| Price (in ₹) | Quantity of mangoes demanded (in kg) |
| 350 | 2 |
| 300 | |
| 250 | |
| 200 | |
| 150 | |
| 100 |
The bus fare between two cities is reduced. How will this affect the demand curve for bus travel between the two cities?
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?
The market demand curve is a ______ summation of all individual demand curves.
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:
A rise in the price of the commodity
With the help of a hypothetical table, draw the demand curve of a commodity.
How is the market demand curve derived from the individual demand curves?
Define a market demand schedule.
