हिंदी

Any statement about demand for a good is considered complete only when the following is/are mentioned in it:

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प्रश्न

Any statement about demand for a good is considered complete only when the following is/are mentioned in it:

विकल्प

  • Price of the good

  • Quantity of the good

  • Period of time

  • All of the above

MCQ
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उत्तर

All of the above

Explanation:

A statement about demand for a good is considered complete only when it includes:

  • Price of the good: Demand is always linked to a specific price level.
  • Quantity of the good: It specifies how much of the good is demanded.
  • Period of time: Demand is typically measured over a specific period, such as per day, week, month, etc.
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अध्याय 1: Elementary Theory of Demand - QUESTIONS [पृष्ठ १८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 1 Elementary Theory of Demand
QUESTIONS | Q 3. | पृष्ठ १८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 2 Elementary Theory of Demand
QUESTIONS | Q 3. | पृष्ठ ६३

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Price in (Rs) Consumer 1 Demand in (kgs) Consumer 2 Demand in (kgs) Consumer 3 Demand in (kgs) Market Demand
10 1 2 (i) ______ 6
8 2 (ii) ______ 4 9
6 3 4 5 12
4 4 5 6 (iii) ______

Based on the above hypothetical schedule answer the following questions.

  1. What is the demand of Consumer 3 priced at Rs 10 (i)?
  2. What is the demand of Consumer 2 priced at Rs 8 (ii)?
  3. Calculate the total market demand priced at Rs 4 (iii).
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