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प्रश्न
How is the market demand curve derived from the individual demand curves?
With the help of a diagram, show how a market demand curve can be obtained from individual demand curves.
उत्तर
The horizontal summation of individual demand curves yields the market demand curve.
In the diagram, DA and DB are two demand curves of A and B, respectively. Supposing that there are two individuals in the market, the market demand curve DM has been derived by taking their horizontal sum. Which means the sum of the quantity demanded, not the price.
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 demand curve is generally ______.
In the following diagram, the demand curve is upward sloping. Under what kind of goods is it possible?
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 the supply of a substitute commodity
With the help of a hypothetical table, draw the demand curve of a commodity.
Briefly explain any three determinants for the negative slope of the demand curve.
Explain the diagram given below.
Define an individual demand schedule.
