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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
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?
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?
In the following diagram, the demand curve is upward sloping. Under what kind of goods is it possible?
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
State the impact of the following changes on the demand curve of a commodity:
Increase in the price of a complementary commodity
Shyam, Sita, Renu, Ahmed and John are five consumers of apples. Their demand for apples is given below. Derive the market demand schedule for apples.
| Price per Kg (in ₹) | Quantity Demanded (Apples) in Kg. | ||||
| Shyam | Sita | Renu | Ahmed | John | |
| 25.00 | 16 | 15 | 12 | 14 | 18 |
| 30.00 | 12 | 11 | 10 | 8 | 15 |
| 35.00 | 10 | 9 | 8 | 6 | 12 |
| 40.00 | 8 | 6 | 4 | 2 | 8 |
Define a market demand schedule.
What is a demand schedule?
