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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
Complete the following demand schedule:
Price (in ₹) | Quantity of mangoes demanded (in kg) |
350 | 2 |
300 | |
250 | |
200 | |
150 | |
100 |
A fall in income of the consumer (in the case of normal goods) will cause a/an ______.
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:
Increase in the price of a complementary commodity
With the help of a hypothetical table, draw the demand curve of a commodity.
Explain the diagram given below.
Define an individual demand schedule.
Define a market demand schedule.
What is a demand schedule?