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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
The relationship between income and demand for inferior goods is ______.
Give economic terms:
Graphical representation of demand schedule.
If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
Demand schedule is a list of prices and quantities.
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 |
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.
Explain briefly the factors which influence individual demand for a commodity.
How is the demand curve related to the demand schedule?
Why are individual and market demand schedules useful for businesses?
