Advertisements
Advertisements
प्रश्न
Complete the following individual demand schedule.
| Price in (₹) | Quantity of sugar Demanded in Kgs |
| 5 | 20 |
| 6 | ______ |
| 7 | ______ |
| 8 | ______ |
| 9 | ______ |
Advertisements
उत्तर
To complete the individual demand schedule for sugar, you can follow the hint provided: as the price increases, the quantity demanded should decrease. Here's how you might complete the table:
| Price in (₹) | Quantity of sugar Demanded in Kgs |
| 5 | 20 |
| 6 | 18 |
| 7 | 15 |
| 8 | 12 |
| 9 | 10 |
APPEARS IN
संबंधित प्रश्न
Draw a demand curve with the help of a hypothetical individual demand schedule.
Explain the role of the following in correcting ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
Study the following table and answer the questions:
| Price of Chocolate (₹) | Quantity Demanded | Market Demand | ||
| Consumer A | Consumer B | Consumer C | (A + B + C) | |
| 50 | 4 | 9 | 20 | 33 |
| 100 | 3 | `square` | 15 | 26 |
| 150 | `square` | 7 | 10 | 19 |
| 200 | 1 | 6 | 5 | `square` |
| 250 | 0 | 5 | `square` | 5 |
Questions:
- Complete the above table.
- State whether the following statements are True or False:
(a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
(b) There is an inverse relationship between price and market demand.
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
Demand schedule is a list of prices and quantities.
What will be the values of (i) and (ii)?
| Price (in ₹) | Quantity Demanded by | Total Demand | ||
| A | B | C | ||
| 10 | 30 | (i) | 12 | 52 |
| 20 | 20 | 8 | 9 | 37 |
| 30 | 10 | 6 | (ii) | 22 |
From the given demand schedule, what will be the effect on demand curve.
| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
Individual demand is a demand by a single buyer.
What distinguishes an individual demand schedule from a market demand schedule?
