Advertisements
Advertisements
प्रश्न
The graphical representation of total demand in an economy y is a ______.
विकल्प
Individual demand curve
Market demand curve
Market demand schedule
Composite demand schedule
Advertisements
उत्तर
The graphical representation of total demand in an economy y is a market demand curve.
Explanation:
The market demand curve is a graphical representation of total demand in an economy. It shows the relationship between the price of a good and the total quantity demanded by all consumers in the market at each price level.
APPEARS IN
संबंधित प्रश्न
Explain the role of the following in correcting ‘excess demand’ in an economy:
(i) Bank rate.
(ii) Open market operations.
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
Demand schedule is a list of prices and quantities.
Individual demand is a demand by a single buyer.
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 is a demand schedule?
How is the demand curve related to the demand schedule?
