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प्रश्न
Individual demand is a demand by a single buyer.
विकल्प
True
False
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उत्तर
This statement is True.
Explanation:
Individual demand refers to the demand for a good or service by a single buyer. It represents the quantity of a good that one individual can purchase at different prices.
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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.
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.
If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
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 |
Demand schedule is a list of prices and quantities.
From the given demand schedule, what will be the effect on demand curve.
| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
What is a demand schedule?
How is the demand curve related to the demand schedule?
