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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
Explain the role of the following in correcting ‘deficient demand’ in an economy:
(i) Open market operations.
(ii) Bank rate.
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.
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
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 | ______ |
Explain briefly the factors which influence individual demand for a commodity.
Define individual demand.
What does a demand schedule show?
Why are individual and market demand schedules useful for businesses?
