Advertisements
Advertisements
प्रश्न
State the impact of the following changes on the demand curve of a commodity:
A rise in the price of the commodity
उत्तर
A rise in the price of a good reduces the demand for it. Individuals' money income does not increase in the same proportion as the price of a good. Thus, an increase in the price of a thing reduces demand for that specific commodity.
APPEARS IN
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.
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 market demand curve is a ______ summation of all individual demand curves.
Differentiate between individual demand schedule and market demand schedule.
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 individual demand.
Define an individual demand schedule.
Define market demand.
What is a demand schedule?
