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Question
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 |
Solution
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RELATED QUESTIONS
The demand curve is generally ______.
The market demand curve is a ______ summation of all Individual demand curves:
What does the graph below indicate?
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.
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.
Does a demand curve always have a negative slope? Give three reasons to justify your answer.
With the help of a diagram, show how a market demand curve can be obtained from individual demand curves.
