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प्रश्न
State the impact of the following changes on the demand curve of a commodity:
Increase in the price of a complementary commodity
उत्तर
If the price of a complementary good rises, demand for the good falls. For example, if the price of an ink pen rises, the demand for ink will fall because ink and ink pens are complementary items.
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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 |
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A fall in income of the consumer (in the case of normal goods) will cause a/an ______.
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
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 |
Briefly explain any three determinants for the negative slope of the demand curve.
Define a market demand schedule.
