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प्रश्न
What is a demand schedule?
What do you mean by demand schedule?
Explain the concept of demand schedule.
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उत्तर
A demand schedule is a tabular representation showing the quantities of a good or service that consumers (individual demand schedule) or all consumers in the market (market demand schedule) are willing and able to purchase at various prices over a specific period.
It reflects the law of demand, which states that as the price of a good decreases, the quantity demanded generally increases, and vice versa, assuming other factors remain constant.
Example:
A Consumer’s Weekly Demand for Coffee
| Price per cup (in ₹) | Quality Demanded (Cups per week) |
| 4 | 2 |
| 3 | 4 |
| 2 | 6 |
| 1 | 8 |
This table shows that when the price is ₹ 4, the consumer buys 2 cups, but when the price drops to ₹1, the consumer buys 8 cups.
संबंधित प्रश्न
Explain the role of the following in correcting ‘deficient demand’ in an economy:
(i) Open market operations.
(ii) Bank rate.
The relationship between income and demand for inferior goods is ______.
Give economic terms:
Graphical representation of demand schedule.
Study the following table and answer the questions:
| Price of Chocolate (₹) | Quantity Demanded | Market Demand | ||
| Consumer A | Consumer B | Consumer C | (A + B + C) | |
| 50 | 4 | 9 | 20 | 33 |
| 100 | 3 | `square` | 15 | 26 |
| 150 | `square` | 7 | 10 | 19 |
| 200 | 1 | 6 | 5 | `square` |
| 250 | 0 | 5 | `square` | 5 |
Questions:
- Complete the above table.
- State whether the following statements are True or False:
(a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
(b) There is an inverse relationship between price and market demand.
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
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.
What will be the values of (i) and (ii)?
| Price (in ₹) | Quantity Demanded by | Total Demand | ||
| A | B | C | ||
| 10 | 30 | (i) | 12 | 52 |
| 20 | 20 | 8 | 9 | 37 |
| 30 | 10 | 6 | (ii) | 22 |
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.
The graphical representation of total demand in an economy y is a ______.
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 | ______ |
Explain briefly the factors which influence individual demand for a commodity.
Define individual demand.
What does a demand schedule show?
According to the law of demand, what usually happens as the price of a commodity falls?
How is the demand curve related to the demand schedule?
Why are individual and market demand schedules useful for businesses?
