Advertisements
Advertisements
प्रश्न
Demand schedule is a list of prices and quantities.
विकल्प
True
False
Advertisements
उत्तर
This statement is True.
Explanation:
A demand schedule is indeed a list of prices and the corresponding quantities demanded at each price level. It shows the relationship between the price of a good and the quantity demanded by consumers, typically in a tabular format.
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.
The relationship between income and demand for inferior goods is ______.
Give economic terms:
Graphical representation of demand schedule.
Identify and explain the concept from the given illustration:
Deepak decided to count how many times he had to travel by train in a period of one month.
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.
Individual demand is a demand by a single buyer.
Construct a demand schedule showing relationship between price and quantity demanded.
Complete the following individual demand schedule.
| Price in (₹) | Quantity of sugar Demanded in Kgs |
| 5 | 20 |
| 6 | ______ |
| 7 | ______ |
| 8 | ______ |
| 9 | ______ |
What is a demand schedule?
