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प्रश्न
If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
विकल्प
Increase
Decrease
Remain same
Uncertain
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उत्तर
Increase
संबंधित प्रश्न
Explain the role of the following in correcting ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
Observe the following table and answer the following questions:
| Quantity demanded | ||||
| Price per kg. in ₹ | Consumer A |
Consumer B |
Consumer C |
Market demand (in kgs) (A + B + C) |
| 25 | 16 | 15 | 12 | ______ |
| 30 | 12 | 11 | 10 | ______ |
| 35 | 10 | 09 | 08 | ______ |
| 40 | 08 | 06 | 04 | ______ |
- Complete the market demand schedule.
- Draw market demand curves based on the above market demand schedule.
Give economic terms:
Graphical representation of demand schedule.
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
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.
The graphical representation of total demand in an economy y is a ______.
According to the law of demand, what usually happens as the price of a commodity falls?
How is the demand curve related to the demand schedule?
Why are individual and market demand schedules useful for businesses?
