Advertisements
Advertisements
Question
What is a demand schedule?
Solution
A demand schedule is a tabular presentation showing the different quantities of a good that buyers of that good are willing to buy at different prices during a given period of time.
APPEARS IN
RELATED QUESTIONS
With the help of suitable diagram explain the meaning of rightward shift in the demand curve. Explain briefly any two of its determinants.
The demand curve is generally ______.
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?
Differentiate between individual demand schedule and market demand schedule.
Using hypothetical data show a market demand schedule.
State the impact of the following changes on the demand curve of a commodity:
Increase in the price of a complementary commodity
Explain the diagram given below.
Define an individual demand schedule.
Define market demand.