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प्रश्न
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
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उत्तर
Market Demand schedule:
| Price of Sugar (Rs.) | Demand by Consumer A (kg) | Demand by Consumer B (kg) | Demand by Consumer C (kg) | Market Demand |
| 30 | 1 | 2 | 3 | 6 |
| 29 | 2 | 3 | 4 | 9 |
| 28 | 3 | 4 | 5 | 12 |
| 27 | 4 | 5 | 6 | 15 |
| 26 | 5 | 6 | 7 | 18 |
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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 ‘deficient demand’ in an economy:
(i) Open market operations.
(ii) Bank rate.
Explain the role of the following in correcting ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
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.
From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).
| Price (in ₹) | Individual Demand (units) | Market demand (units) | ||
| A | B | C | ||
| 7 | (i) | 16 | 15 | 51 |
| 8 | 18 | 15 | (ii) | 46 |
| 9 | 16 | 12 | 11 | 39 |
| 10 | 13 | 10 | 9 | 32 |
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 | ______ |
Define individual demand.
What does a demand schedule show?
