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प्रश्न
With the help of a diagram, show how a market demand curve can be obtained from individual demand curves.
उत्तर
Market demand curve is obtained by horizontal summation of individual demand curves which means the sum of quantity demanded, not price.
In the diagram, DA & DB are two demand curves of A and B respectively. Supposing that there are two individuals in the market, market demand curve DM has been derived by taking their horizontal sum. Which means the sum of quantity demanded, not price.
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संबंधित प्रश्न
The demand curve is generally ______.
Assertion (A): If the income of a consumer increases, other things constant, the demand curve for a normal goods shifts to the right.
Reason (R): As income increases, the demand curve for an inferior good shifts to the left.
Assertion (A): Demand curve is downward sloping.
Reason (R): Demand curve slopes downwards from left to the right because price and quantity demanded are inversely related.
What does the demand curve given below show?
Explain the following diagram:
Give two reasons for the shift of the demand curve towards the left.
Give two reasons for the shift of the demand curve towards the right.
In 2002, the prices of gold nearly tripled. yet, as the price of gold rose its sales too increased. Does this mean that the demand curve for gold is upward sloping? Justify your answer.
Draw a demand curve on the basis of the following data.
| Price per unit (₹) | 2 | 3 | 4 | 5 | 6 | 7 |
| Quantity demanded (Units) | 1000 | 800 | 700 | 600 | 500 | 200 |
Briefly explain any three determinants for the negative slope of the demand curve.
