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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
APPEARS IN
संबंधित प्रश्न
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.
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.
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Identify the most efficient student:
| Name of the student |
No. of projects completed |
Quality of projects | Time taken (in days) |
| P | 5 | Average | 4 |
| Q | 5 | Very good | 4 |
| R | 5 | Very good | 7 |
| S | 6 | Poor | 3 |
Individual demand is a demand by a single buyer.
The graphical representation of total demand in an economy y is a ______.
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?
What does a demand schedule show?
Why are individual and market demand schedules useful for businesses?
